Will Pigs Continue To Fly?
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.
October lean hogs
(
LHV1 |
Quote |
Chart |
News |
PowerRating) appear to be
finding support near the area of their breakout from a high level base. This
action suggests that their longer-term uptrend remains intact. Look for a buying
opportunity here.
August pork bellies
(
PBQ1 |
Quote |
Chart |
News |
PowerRating) also appear
to be stabilizing after recently pulling back. Look look for a buying opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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