Dollar To Resume Downtrend?

January 10, 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.

March copper
(
HGH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still looks like it has the potential to resume its downtrend out of a Bow
Tie setup. Look for a shorting opportunity here.face=”Arial, Helvetica”>

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The Dollar looks poised to resume its downtrend
out of a pullback from lows. With that said, even though the March Swiss Franc
(
SFH1 |
Quote |
Chart |
News |
PowerRating) closed poorly on Wednesday, it looks like it has the potential to
rally out of a pullback from highs. Look for a buying opportunity here but wait
for follow through to the upside.

March
cotton
(
CTH1 |
Quote |
Chart |
News |
PowerRating) looks poised to resume its downtrend out of pullback from
lows. Look for a shorting opportunity here.