STOCKS: The market is managing to embrace the positives more minor gains
BONDS: This week’s lows were probably too cheap for the near term
CURRENCIES: More $ Yen losses ahead as flight to quality vanes
COPPER: A minor rally attempt today but the copper mkt needs government help
METALS: Minor corrective action to continue through the FOMC statement
CATTLE: Supply fundamentals more positive but beef trend down; weak consumer
HOGS: Still no sign of low as consumer meat demand still faltering
BEANS: Soybeans broke on better weather, but the Argentine crop still at risk.
CORN: Bullish weather is sidelined and a weak dollar is not helping. Lower.
WHEAT: Wheat is a follower this week, but it has several supportive factors.
ENERGY: Will need a bullish EIA inventory surprise to offset economic gloom
COTTON: Improved demand, smaller 2009/10 crop and buying by funds.
COFFEE: Decline in open interest could be trouble for the bulls
SUGAR: Some India buying but overbought and slow demand news; consolidate
COCOA: Bulls need to see close above $2,720 but vulnerable to profit taking
Uncategorized
