Will Cocoa Pop Higher?

August 14, 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.

September Cocoa
(
CCU1 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to rally out of a
pullback from highs. Look for a buying opportunity here.

Once again, December wheat
(
WZ1 |
Quote |
Chart |
News |
PowerRating)
still looks vulnerable. Continue to look for a shorting opportunity here.

Looking Ahead

Should October sugar
(
SBV1 |
Quote |
Chart |
News |
PowerRating) stall out in
its rally from lows, it could set up as a potential short. Keep an eye on it
over the next few days.