Yen Vulnerable
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.
The September Japanese Yen
(
JYU1 |
Quote |
Chart |
News |
PowerRating) appears to have stalled out in its
rally from lows. This action suggests that it may challenge these lows.
August feeder cattle*
(
FCQ1 |
Quote |
Chart |
News |
PowerRating) look poised to
break down out of a major topping formation. Look for a shorting opportunity
here.
Looking Ahead
The September Canadian Dollar
(
CDU1 |
Quote |
Chart |
News |
PowerRating) appears
to be breaking down and may set up soon as a short.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
*taste like chicken
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