Will Beans Stall?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
March beans
(
SH2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look like they might
have one more trip to life-of-contract lows left in them. Just make sure you
wait for follow through to the downside as they were up again on Wednesday. One
other point of interest, for those keeping score, the contract has
retraced .618 of the last leg down.
Looking Ahead
March coffee
(
KCH2 |
Quote |
Chart |
News |
PowerRating) is rallying nicely from
life-of-contract lows. As mentioned Tuesday, the first pullback will be telling here.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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