Futures Breakout Setups for October 24

by Scott Hoffman on October 24, 2007

Interest Rate Complex-A bull flag before another runup for IR futures? Gaming the FOMC meeting next week.

Gold-Consolidation following Monday’s big selloff could lead to another directional move today.

Copper-Doji yesterday, resistance at the 40 day moving average.

Cocoa- Pausing above trendline support.

Petroleum Complex-Quiet session ahead of weekly inventory numbers due out at 9.30 Chicago time.

Soybeans, Soymeal-Jan. Beans have formed a channel over the past two weeks, what will be the catalyst to break out?

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The information contained here includes information from sources believed to be reliable and accurate, but no guarantee is made as to accuracy, nor do they purport to be complete. Opinions are subject to change without notice. Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
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