Feeder Cattle Knockout

March 26, 2002
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.

May unleaded gas
(
HUK2 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still looks like it has the potential to resume its strong uptrend.

Feeder cattle
(
FCJ2 |
Quote |
Chart |
News |
PowerRating) rallied but stalled out to close poorly. This
action sets up a Trend Knockout and suggests that the contract is poised to
continue its strong downtrend.