Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Judy Crawford, senior broker at Zaner Group.
CURRENCY FUTURES COMMENTS
MARCH MINI JAPANESE YEN: I tried to buy it yesterday but it triggered a sell instead. Today it reversed, negated the sell signal and rallied. There should have been more follow through. Just watching. Closed 130.37, up .17.
MARCH SWISS FRANC: It finally rallied today until it reached the 20 day ma. That has kept a lid on this market since it went under it in early November. Just watching. Closed 106.07, up 1.26.
MARCH U.S. DOLLAR INDEX: After rallying yesterday. It has resumed the sell-off today that I mentioned last time. It will reach the 20 day ma at approximately 80.800. Even though the dollar has “dipped” under that average during sell-offs, it doesn’t last long. Time will tell! Closed 81.036, down .578.
MARCH MINI EUROCURRENCY: It is attempting to rally and finally managed to close over 128.00. This rally should be an opportunity to short. Closed 128.32, up 1.32.
MARCH CANADIAN DOLLAR: It has been trading into a pennant and has been attempting to break out to the upside. So far it has not been able to pull it off. Just watching. Closed 98.01, up 9.
MARCH AUSSIE: An inside day yesterday triggered a buy today but that was stopped by the 103.00 resistance. Not much going on with this market. Closed 102.60, up .33.
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Judy Crawford
Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133
E-mail: jcrawford@zaner.com.
http://www.tradingfuturesmarkets.com/
Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.
Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.
All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.
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