High Cotton

November 30, 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 December British Pound
(
BPZ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks
like it has the potential to resume its downtrend out of a pullback from lows.

Follow Up

March cotton
(
CTZ1 |
Quote |
Chart |
News |
PowerRating) has made a nice move
since first mentioned. If you have profits here, you might want to lock in a
piece and make sure you trail a stop.