False Starts

December 6, 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 cotton
(
CTH2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, began rallying out of a
pullback on Thursday. This action suggests that its uptrend remains intact.

March copper
(
HGH2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appeared to make a false move
higher out of a pullback on Thursday. However, it still looks interesting,
especially if it can take out Thursday’s high.

March cocoa
(
CCH2 |
Quote |
Chart |
News |
PowerRating) essentially did the same thing as copper. It too
still looks like it has potential, provided of course, that it can take out
Thursday’s high.