Dollar Still Poised To Rally

April 5, 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.

The dollar probed lower but reversed
to close well. This suggests that its uptrend
remains intact. Continue looking for shorting opportunities in the inverse
currencies.

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

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July bellies
(
PBN1 |
Quote |
Chart |
News |
PowerRating) appear to be
stabilizing after pulling back into the area of its recent breakout. This
suggests that its uptrend remains intact. Look for a buying opportunity here.

May cotton
(
CTK1 |
Quote |
Chart |
News |
PowerRating) appears to be
stalling out after pulling back from life-of-contract lows. This suggests it has
the potential to challenge those lows. Look for a shorting opportunity here.