Look For The Canuck Buck To Buck

• July 27, 2001
• Dave Landry

In Dave Landry’s absence, Marc Dupée wrote
this installment of Futures Trading Outlook 

Look for

Canadian dollar
(
CDU1 |
Quote |
Chart |
News |
PowerRating)Pullback
From Lows setup, resume its downside momentum, and potentially test to new
multi-month lows. 

Live cattle
(
LCQ1 |
Quote |
Chart |
News |
PowerRating) looks like it could follow August feeder cattle

(
FCQ1 |
Quote |
Chart |
News |
PowerRating) lower, to fill gaps left back from May 16-17. Since both contracts
are on the both
Implosion-5 List contracts, consider using Off The Blocks
entries to keep you out of counter-trend days.

December cotton
(
CTZ1 |
Quote |
Chart |
News |
PowerRating) has
been striving to move off extreme lows and punched up to a 20-day high.
However, the contract pulled back below its prior 20-day high and closed
more than half-way below the mid-point of its daily bar on Friday. Look for
its
Turtle Soup Plus One
Sell
signal to potentially test lower.

For additional trading ideas, see Friday’s
Futures Market Recap.