Copper Still Vulnerable

April 16, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

There’s not much to look at again tonight (Monday).

July copper
(
HGN1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable. Continue
to look for a shorting opportunity here.

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For you bottom fishers, the June
Canadian Dollar
(
CDM1 |
Quote |
Chart |
News |
PowerRating) has made a small low-level cup and has begun to
“handle”. Look for a buying opportunity here.