Meats Still Vulnerable

April 18, 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.

As mentioned recently, for the nimble, June heating oil
(
HOM2 |
Quote |
Chart |
News |
PowerRating) has pulled back since its recent
thrust down. This looks like a good place for it to begin another leg lower.