Support and Resistance Trading Forum

Re: Up 'n Comers
By:Belize
Date: 11/1/2010, 7:58 am
In Response To: Re: Up 'n Comers (Erich )

Start of a new week......will the $ hold 77?

STOCKS: The markets look to continue to buy the rumor of elections & the FOMC
BONDS: A slightly bullish bias off short cover ahead of upcoming FOMC meeting
CURRENCIES: The Dollar starts out a busy week with moderate losses.
COPPER: Short covering & Fed related buying favors the bulls for today
METALS: The bulls have internal and external forces in their favor today
CATTLE: Draw on contracted cattle this week but tighter supply into 2011
HOGS: Cash outlook still weak and Dec still premium cash; more down
BEANS: Outside forces look volatile next week and S America weather favorable
CORN: Corn is following the dollar, but the orientation remains higher.
WHEAT: Wheat showing some relative strength. Further limited gains possible.
ENERGY: Macro economic related buying gives the bulls a slight edge
COTTON: No sign of a slowdown in demand with Pakistan needing to replace
COFFEE: Increasing harvests may ease supply ahead; technical action bullish
SUGAR: Tightening supply into first quarter helping support uptrend
COCOA: Lack of issues with election and ongoing harvest to spark selling

Responses To This Message

Re: Up 'n Comers *PIC*
Erich -- 11/2/2010, 1:39 am
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