Monday, March 25, 2013

Missed opportunities

Copper would've setup as a beautiful short had I been paying attention. Note the ADX(7) over 60 and price at resistance. Easy sell, and like a $1000 per contract move.



Cotton held the 86 level today, but there's a plantation report or something out on Thursday, so I'm going to avoid Cotton for now.

6J has broken through the 1.06 level? Has it? Lets see if it consolidates above there.



For now, I'm looking to:

Sell a Crude oil bounce to 95.8 or so.
Sell Natural Gas on a bounce to 3.92 (hourly 21EMA).
Sell DX at the evening open unless it gaps down


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