For Good Or Bad You Might Be Short Lumber and the Aussie
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.If you took my recommendations from yesterday, you would have sold May Lumber at 354.00. If you did sell May Lumber I suggest you use consider the stop provided in Yesterday's comment. As for a possible profit level think about 345. Remember these are short term recommendations and you will want to use some judgment of your own.
If you sold the Aussie Dollar from yesterday's recommendation you would have been filled around 7570. I suggest you continue to use the stop loss from yesterday. As for a goal a conservative trader may want to look at 7475, a more aggressive trader might want to see if we have a confirmation of an "m" formation. We need a close below 7395 to have that confirmation.
Short-term recommendation for Friday:
Sell March Sugar at 886 stop, consider a stop loss at 925
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by Lee Gaus @ 2:49 PM
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