Commodity Price Charts articles from February 2005

Commodity Price Charts archives from February 2005

Cattle.(Agricultural Markets)
February 4, 2005... March Feeder Cattle have recently violated closing support at 1.0070 and are nearing their next downside objective at the Jan gap of .9885. CC below will lead to a test of the Nov low at .9500. Resistance lies at the Jan/Feb DTL (1.0083-1.0008)...

Lean hogs.(Agricultural Markets)
February 4, 2005... April have violated Dec gap support at .7395, which sets up a test of the Dec low at .6870. This roughly coincides with weekly support at the 9/02-12/03 UTL, crossing near .6690 next week (basis Feb). Additional support for Apr lies at the...

Corn.(Agricultural Markets)
February 4, 2005... March is near monthly support at 1.91 1/2 (5/02). Daily CC below opens the door for a move down to monthly support at 1.84 (6/01). CC above the Jan gap at 2.06 targets the Nov high at 2.19. Resistance above there lies at the Sep gap of 2.3472....

Oats.(Agricultural Markets)
February 4, 2005... March has resistance at its Sep high of 1.77. CC above targets weekly resistance at 1.85 (3/04). CC below support at the Oct/Nov UTL (1.54 1/4-1.54 3/4) targets horizontal closing support at the filled Aug gap of 1.43 3/4. Momentum indicators...

Soybean complex.(Agricultural Markets)
February 4, 2005... March Soybeans have violated support at their contract low of 5.10 suggesting a move down to monthly support at 4.87 (6/02). Daily CC below there targets monthly support at 4.53 (4/02). CC above resistance at the May/Jan DTL (5 28-5 22 1/2...

Wheat (Chgo).(Agricultural Markets)
February 4, 2005... March has violated monthly support at 2.94 1/2 (6/03), which opens the for a move down to monthly support at 2.73 (5/03). Resistance lies at the May/Jan DTL (2.98 1/2-2.95 1/2) along with the Jan gap at 2.95 CC above those levels targets...

Cotton.(Agricultural Markets)
February 4, 2005... March has recently violated support at its Dec/Jan UTL after nearing closing resistance at its filled Oct gap of .4845. The next downside target lies at the contract low of .4172. Support below there is monthly at .4050 (10/02). Initial...

Sugar.(Agricultural Markets)
February 4, 2005... March has violated Jan gap support at 899 after a failed attempt at its contract high of 937. The next downside target is weekly support at the 2/04-9/04 UTL, crossing near 857 next week. Daily CC below there targets the Aug low at 813. CC...

Coffee.(Agricultural Markets)
February 4, 2005... March is making its way up to its next target, which lies between the contract high at 1.0870 and weekly resistance at 1.0900 (3/00). Daily CC above 1.0900 targets the 1.1300 level. CC below the Nov/Jan UTL (1.0265-1.0400) targets horizontal...

Cocoa.(Agricultural Markets)
February 4, 2005... May is heading up to its Dec gap at 1665. CC above targets the Dec high at 1723 (be aware of possible gap resistance at 1687). Support lies at the Jan UTL (1568-1597) followed by the Feb gap at 1572. CC below those levels targets horizontal...

Pork bellies.(Agricultural Markets)
February 4, 2005... SYMBOL=PBH MAR.05 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 3-7-05 LTD: 3-28-05 OPTIONS EXPIRE: 3-4-05 High Low 09/24/04 03/05/04 10490 ...

Canola.(Agricultural Markets)
February 4, 2005... SYMBOL=RSH MAR.05 CANOLA (WCE) Each Horizontal Line = 5 C$ C$1 = C$20 Minimum Move: C10 cents FND: 2-28-05 LTD: 3-14-05 OPTIONS EXPIRE: 2-18-05 High Low 05/07/04 02/04/05 41300 24600 ...

Orange juice.(Agricultural Markets)
February 4, 2005... MAR.05 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 3-1-05 LTD: 3-10-05 OPTIONS EXPIRE: 2-18-05 High Low 08/07/03 06/10/04 9495 6350 Date ...

Rice.(Agricultural Markets)
February 4, 2005... SYMBOL=NRH MAR.05 ROUGH RICE (CBOT) Each Horizontal Line = 15 Points .005 = $10.00 Minimum Move: .005 FND: 2-28-05 LTD: 3-21-05 OPTIONS EXPIRE: 2-18-05 High Low 06/01/04 02/03/05 97400 64700 Date ...

Currencies.(Financial Markets)
February 4, 2005... The March British Pound has recently come off closing support at its Nov gap of 1.8592. CC above resistance at the Dec DTL (1.8893-l.883-0) targets weekly resistance at the 12/04 DTL, crossing near 1.9150 next week. CC below the said Nov gap...

Eurodollar.(Financial Markets)
February 4, 2005... June is probing resistance at its Oct/Jan DTL (9669 1/2-9665 1/4). CC above targets the late-Dec high at 9684. CC above there targets the 9700 level. Downside support is horizontal at the Jul low of 9661 1/2. I believe another 25-bp raise by...

T-Bond & T-Note (10-yr.).(Financial Markets)
February 4, 2005... March T-Bonds have blown through weekly resistance at 115-04 (10/02) after weaker than expected non-farm payrolls. The next upside target lies at monthly resistance of 117-26 (3/04). CC below violated resistance (now support) at l13-22 targets...

Copper.(Financial Markets)
February 4, 2005... March has turned south after failing to reach its next upside target at its Jan ] gap of 1.4580. The filled Jan gap at 1.4150 has been violated making support at the probed Oct/Dec UTL (1.3987-1.4078) the next downside target. CC below there...

Gold.(Financial Markets)
February 4, 2005... April gapped through support at its May/Jul UTL (422.00-422.80), derived using closing prices, which makes the Oct low at 413.50 the next downside target. CC below there sets up a test of the Sep low at 401.00. CC above the Feb gap at 421.90...

Silver.(Financial Markets)
February 4, 2005... March has violated support at its Jan gap of 6.7900 before hitting its next upside target at the late-Dec high of 7.0900. The next downside target lies at the Jan gap of 6.4850. CC below will lead to a test of the Sep gap at 6.3250. Support...

Energy complex.(Financial Markets)
February 4, 2005... March Crude Oil has violated Jan gap support at 46.70, which makes horizontal closing support at the filled 12/2 gap of 44.85 its next downside target. CC below there targets support between the Dec low at 41.15 and the Aug low at 40.20. CC...

S&P 500 index.(Financial Markets)
February 4, 2005... March has turned up after nearing Nov gap support at l162.00. CC below targets the May/Oct H&S neckline, crossing near 1140.50 next week. CC above resistance at the Dec reaction low of 1195.20 will lead to a test of the H&S breakout projection...

Dow Jones.(Financial Markets)
February 4, 2005... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points Date Open High Low Close 01/31/05 10428 3/4 10559 3/4 10414 1/2 10489 3/4 02/01/05 10489 3/4 10609 3/4 10464 1/4...

Platinum.(Financial Markets)
February 4, 2005... SYMBOL=PLJ APR.05 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents (.10) FND: 4-1-05 LTD: 4-27-05 OPTIONS EXPIRE: 3-16-05 High Low 12/02/04 12/09/04 ...

Traders' commitments as of February 1, 2005.
February 4, 2005... Traders' Commitments as of February 1, 2005 If you are interested in receiving this report, via fax or e-mail, shortly after it's released by the CFTC, call us TOLL-FREE at 1-800-221-4352. NON-COMMERCIAL (LARGE...

Weekly/monthly data.
February 4, 2005... WEEKLY/MONTHLY DATA Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the week of expiration. When plotting the week of the changeover, combine the...

Tradewins publishing announces the event-trading phenomenon.
February 4, 2005... With the Event-Trading System you will make huge, one-day profits without buying a single share of stock. You don't need a broker or an expensive day-trading system. The average Event Trade produces a profit of $10,170.84. That's not chump...

251 event days produced $2,552,800 in profits.(Announcing: the event-trading phenomenon)
February 4, 2005... * THE SPECTACULAR PROFITS of Event-Trading The chart above shows all the alert days that occurred from January 1, 2000 to October 1, 2003. There were 251 alert days in total, 140 Green Alert Days and 111 Yellow Alert Days. An event trader...

Cattle.(Agricultural Markets)
February 11, 2005... March Feeder Cattle gapped above resistance at the Jan/Feb DTL (.9994-.9920), which makes their Dec high at 1.0240 the next upside target. CC below the Feb gap. at 1.0027 targets the Jan gap at .9885. CC below there targets the Nov low at...

Lean hogs.(Agricultural Markets)
February 11, 2005... April have recently violated Dec gap support at .7395, which sets up a test of the Dec low at .6870. CC below targets the Aug/Oct UTL (.6532-.6547). CC below there opens the door for a move down to the Oct low at .6135. CC above resistance at...

Corn.(Agricultural Markets)
February 11, 2005... March has monthly support at 1.91 1/2 (5/02). Daily CC below opens the door for a move down to monthly support at 1.84 (6/01). CC above the Jan gap at 2.06 targets the Nov high at 2.19. Resistance above there lies at the Sep gap of 2.34 1/2. No...

Oats.(Agricultural Markets)
February 11, 2005... March is heading down to support at its Oct/Nov UTL (1.55-1.55 3/4) after nearing resistance at its Sep high of 1.77. CC below targets horizontal closing support at the filled Aug gap of 1.43 3/4. CC above the Jan DTL (1.69 3/4-1.69) targets...

Soybean Complex.(Agricultural Markets)
February 11, 2005... March Soybeans have gapped up and are nearing resistance at their May/Jan DTL (5.21 3/4-5.17). CC above targets the U7 gap at 5.35. CC above there will lead to a test of the Sep gap at 5.66 1/2. CC below the Feb gap at 5.12 renews the decline...

Wheat (Chgo).(Agricultural Markets)
February 11, 2005... March has recently violated monthly support at 2.9.4 1/2 (6/03), which makes monthly support at 2.73 (5/03) its next downside objective. Initial resistance lies at the Sep/Nov DTL (3.04-3.02 1/4) followed by horizontal closing resistance at...

Cotton.(Agricultural Markets)
February 11, 2005... May has support at its possible Dec gap of .4350. CC below targets the contract low at .4171. Monthly support lies at .4050 (basis Mar, 10/02). CC above resistance at the Jan DTL (.4588-.4503) targets the Oct gap at .4975. Resistance above...

Sugar.(Agricultural Markets)
February 11, 2005... March is attempting to post CC above its Jan gap at 913. If accomplished, the contract high at 937 is the next upside target. CC above there targets monthly resistance at 982 (4/01). Daily CC below weekly support at the 2/04-9/04 UTL, crossing...

Coffee.(Agricultural Markets)
February 11, 2005... May continues to register contract highs as the market is attempting to post daily. CC above weekly resistance at 1.1600 (basis Mar). If accomplished, the 1.1900 level followed by monthly resistance at 1.2200 (basis Mar) are the market's next...

Cocoa.(Agricultural Markets)
February 11, 2005... May has violated support at its Jan UTL (1606-1637) as well as its Feb gap at 1572 before reaching its next upside target at the Dec gap of 1655. The next downside target is horizontal closing support at 1520. CC below there targets the Jan low...

Pork bellies.(Agricultural Markets)
February 11, 2005... SYMBOL=PBH MAR.05 PORK BELLIES (CME) Each Horizontal Line = 100 points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 3-7-05 LTD: 3-28-05 OPTIONS EXPIRE: 3-4-05 High Low 09/24/04 03/05/04 10490...

Orange juice (NYCE).(Agricultural Markets)
February 11, 2005... MAR.05 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 3-1-05 LTD: 3-10-05 OPTIONS EXPIRE: 2-18-05 High Low 08/07/03 06/10/04 9495 ...

Currencies.(Financial Markets)
February 11, 2005... The March British Pound has recently violated closing support at its Nov gap of 1.8592, which makes weekly support at the 9/03-10/04 UTL, crossing near 1.8360 next week, its next downside target. Daily CC below there targets the Oct gap at...

Eurodollar.(Financial Markets)
February 11, 2005... June has violated resistance at its Oct/Jan DTL (9664 1/2-9660 1/2), which makes resistance at its late-Dec high of 9684 the next upside objective. Support lies at the Jul low of 9661 1/2. CC below will take the market down to monthly support...

T-Bond & T-Note (10-yr.).(Financial Markets)
February 11, 2005... March T-Bonds have monthly resistance at 117-26. CC below the Oct high at 113-22 targets support at the Dec/Jan UTL (112-22/112-31). CC below there bodes well for a test of the Dec low at 109-11. The astronomical reading of RSI makes me leery...

Copper.(Financial Markets)
February 11, 2005... March has violated support at its probed Oct/Dec UTL (1.4095-1.4190), which makes weekly support at the 6/04-10/04 UTL, crossing near 1.3500 next week, its next downside target. Daily CC below there will target the Jun/Oct UTL (1.3190-1.3240)....

Gold.(Financial Markets)
February 11, 2005... April has turned up after probing horizontal support at its Oct low of 413.50. CC above the Feb gap at 421.90 targets resistance at the Dec DTL (425.10-422.20). CC above there targets horizontal resistance at the Dec reaction low of 434.50. CC...

Silver.(Financial Markets)
February 11, 2005... March rocketed higher after nearing horizontal support at its Jan gap of 6.4850. The next upside target lies at the late-Dec high of 7.0900. CC above targets the bottom of the Dec gap at 7.4500 followed by the top of the gap at 7.8600. CC below...

Energy complex.(Financial Markets)
February 11, 2005... April Crude Oil has turned up to violate initial resistance at its Jan gap of 46.60 before hitting its next downside target at its filled Dec gap of 44.72. CC above the filled 1/21 gap at 47.75 targets the late-Nov high at 50.00. CC above there...

S&P 500 index.(Financial Markets)
February 11, 2005... March has recently violated resistance at its Dec reaction low of 1195.20, which targets the breakout projection of the May/Oct H&S bottom pattern right near 1225.30. CC above there targets monthly resistance at 1265.90, which is the .618...

Dow Jones 30 industrials (cash).(Financial Markets)
February 11, 2005... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVES STRENGTH INDEX (As of Friday) Up Avg 32.655 Down Avg 18.702 Date Open High Low Close 02/07/05 ...

NASDAQ 100.(Financial Markets)
February 11, 2005... NASDAQ 100 WEEKLY FUTURES Week Open High Low Close 01/14/05 156650 158450 154750 156250 01/21/05 155850 158050 150600 150950 01/28/05 151250 151800 148400 150950...

Platinum.(Financial Markets)
February 11, 2005... SYMBOL=PLJ APR.05 PLATINUM (NYMEX) Each Horizontal Line = 15 Dollars 1 Cent= $.50 Minimum Move: 10 Cents(.10) FND: 4-1-05 LTD: 4-27-05 OPTIONS EXPIRE: 3-16-05 High Low 12/02/04 12/09/04 ...

Traders' Commitments as of February 8, 2005.
February 11, 2005... Traders' Commitments as of February 8, 2005 If you are interested in receiving this report, via fax or e-mail, shortly after it's released by the CFTC, call us TOLL-FREE at 1-800-221-4352. NON-COMMERCIAL...

Weekly/monthly data: listed below is the data to update your weekly and monthly charts.
February 11, 2005... WEEKLY/MONTHLY DATA Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the the next contract, and use the higher of the two highs and the lower of the...

Cattle.(Agricultural Markets)
February 18, 2005... March Feeder Cattle have support at their Jan gap of .9885. CC below targets the Nov low at .9500. Resistance lies at the Dec high of 1.0240. CC above targets weekly resistance at the 8/04-10/04 DTL, crossing near 1.0570 next week. April Live...

Lean hogs.(Agricultural Markets)
February 18, 2005... April has reversed higher and gapped above resistance at its Jan/Feb DTL (.7268-.7165). The next upside target lies between. 7475 and the 12/04-1/05 weekly DTL, crossing near .7530 next week. Daily CC above those levels targets the contract...

Corn.(Agricultural Markets)
February 18, 2005... May is probing its late-Jan high at 2.08 1/4. CC above targets the Jan gap at 2.13 3/4, CC above there targets the Nov high at 2.26. Resistance above there lies at the Sep gap of 2.40 3/4. CC below the contract low at 2.02 will see the market...

Oats.(Agricultural Markets)
February 18, 2005... May has turned down to challenge horizontal support at its Nov low of 1.49 after probing resistance at its Nov high of 1.61. CC below sets up a test of the contract low at 1.43. CC above the 1.61 level targets the Sep gap at 1.70 1/2...

Soybean complex.(Agricultural Markets)
February 18, 2005... May Soybeans have violated resistance at their May/Jan DTL and are challenging their Jan gap at 5.44. CC above will suggest a move up to the Sep gap at 5.73 1/2. Resistance above there lies at the Sep gap of 6.24 1/2. CC below the Feb gap at...

Wheat (Chgo).(Agricultural Markets)
February 18, 2005... May is probing resistance at its Jul/Nov DTL (3.09-3.07 1/2). CC above targets the Jan at 3.19. CC above there will lead to a test of the Oct high at 3.40 1/2. CC below support at the Feb UTL .(3.00-3.02) targets the contract low at 2.95....

May .05 frozen orange juice (NYCE).(Agricultural Markets)
February 18, 2005... SYMBOL=OJK MAY.05 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 5-2-05 LTD: 4-15-05 OPTIONS EXPIRE: 4-22-05 High Low 10/01/04 08/05/04 ...

Cotton.(Agricultural Markets)
February 18, 2005... May has violated resistance at its Jan DTL, which makes resistance between the Jan high at .4925 and the Oct gap at .4975 the next upside objective. CC above those levels targets the Sep gap at .5245. CC below support at the possible Dec gap of...

Sugar.(Agricultural Markets)
February 18, 2005... May has support at its Aug/Dec UTL (902-905). CC below bodes well for a test of the Nov low at 851. CC below there targets the Aug low at 811. Resistance has been established at the contract high of 958. CC above will see the market head up to...

Coffee.(Agricultural Markets)
February 18, 2005... May continues to register contract highs as the market is probing the 1.1900 level (basis Mar). If Mar can post CC above, the market's next upside objective is monthly, resistance at 1.2200 (basis Mar, 7/00). An upside target above there lies...

Cocoa.(Agricultural Markets)
February 18, 2005... May has violated its Feb gap at 1585, which makes the Dec gap at 1655 its next upside target. CC above there targets the Dec high at 1723. Support now lies at the Jan/Feb UTL (1567-1582). CC below targets horizontal closing support at 1520....

Currencies.(Financial Markets)
February 18, 2005... The March British Pound has violated resistance at its Dec DTL (1.8737-1.8675), which makes weekly resistance at the 12/04 DTL, crossing near 1.9020 next week, its next upside target. Daily CC above there targets the contract high at 1.9446. CC...

Eurodollar.(Financial Markets)
February 18, 2005... September has recently violated horizontal closing support at its Jan low of 9641, which makes the Jul low at 9626 1/2 its next downside target. CC below targets monthly support at 9666 1/2 (basis Mar), which is the .382 retracement level of...

Jun. 05 10-yr T-Notes (CBOT).(Financial Markets)
February 18, 2005... June T-Bonds are probing support at their Dec UTL (113-22/114-01). CC below targets the late-Jan low at 112-19. CC below there targets the late-Dec low at 110-04 followed by the Dec low at 108-16. CC above initial resistance at the 2/1 high of...

Copper.(Financial Markets)
February 18, 2005... May continues to register contract highs as the market challenges psychological resistance at 1.5000 (basis Mar). If Mar can post CC above, its next upside target lies at monthly resistance of 1.5500 (12/04). CC below initial support at the...

Gold.(Financial Markets)
February 18, 2005... April has violated resistance at its Dec DTL (425.10-422.20), which makes horizontal resistance at the Dec reaction low of 434.50 its next upside target. CC above there targets the late-Dec high at 449.00. CC below the possible Feb gap at...

Silver.(Financial Markets)
February 18, 2005... May is attempting to post CC above resistance at the bottom of its Dec gap of 7.4000. If accomplished, the top of the gap at 7.9 100 becomes the next upside objective. CC above there will target the contract high at 8.3100. CC below initial...

Energy Complex.(Financial Markets)
February 18, 2005... April Crude Oil has violated its filled 1/21 gap at 47.75, which makes the late-Nov high at 50.00 its next upside target. CC above there could see a move up to the contract high at 53.00. CC below the 1/20 low at 46.75 sets up a test of the...

S&P 500 Index.(Financial Markets)
February 18, 2005... March is heading up to the breakout projection of its May/Oct H&S bottom pattern right near 1225.30. CC above there targets monthly resistance at 1265.90, which is the .618 retracement level of the '00/'02 decline. CC back below the mid-Jan...

Dow Jones 30 industrials (cash).(Financial Markets)
February 18, 2005... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 27.393 Down Avg 18.665 Date Open High Low Close 02/14/05 10795 3/4...

Apr.05 platinum (NYMEX).(Financial Markets)
February 18, 2005... SYMBOL=PLJ APR.05 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 4-1-05 LTD: 4-27-05 OPTIONS EXPIRE: 3-16-05 High Low 12/02/04 12/09/04 88400...

Traders commitments as of February 15, 2005.(Financial Markets)
February 18, 2005... Traders Commitments as of February 15, 2005 NON-COMMERCIAL (LARGE SPECULATORS) COMMODITY Long Change Short Change Cattle (Feeder) 6,673 769 3,551 273 Cattle...

Weekly/monthly data.(Financial Markets)
February 18, 2005... Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the week of expiration. When plotting the week of the changeover, combine the price range of the lead contract...

Cattle.(Agricultural Markets)
February 25, 2005... March Feeder Cattle have violated horizontal support at their Jan gap of .9885, which makes the Nov low at .9500 the next downside target. Note the Jan/Feb descending triangle has a breakout projection right near .9572. Resistance now lies at...

Lean hogs.(Agricultural Markets)
February 25, 2005... April is attempting to post daily CC above weekly resistance at the 12/04-1/05 DTL, crossing near .7480 next week. If accomplished, the contract high at .7860 is the next upside target. Be aware of possible horizontal weekly resistance at .7735...

Corn.(Agricultural Markets)
February 25, 2005... May is attempting to post CC above its Jan gap at 2.13 3/4. If accomplished, the Nov high at 2.26 is the next upside target. CC above there targets the Sep gap at 2.40 3/4. CC below the Feb gad at 2.08 3/4 will lead to a test of the contract...

Oats.(Agricultural Markets)
February 25, 2005... May has horizontal support at its Nov low of 1.49. CC below sets up a test of the contract low at 1.43. CC above the 1.61 level targets the Sep gap at 1.70 1/2 (interpolated). SYMBOL=OK MAY.05 OATS (CBOT) Each Horizontal Line = 2 1/2...

Soybean complex.(Agricultural Markets)
February 25, 2005... May Soybeans have violated resistance at their Sep gap of 5.73 1/2, which makes the Sep gap at 6.24 1/2 their next upside target. CC above there targets the Sep high at 6.58. Note weekly resistance lies at 6.32 (basis Mar), which is the .236...

Wheat (Chgo).(Agricultural Markets)
February 25, 2005... May has violated resistance at its Jan high of 3.19, which makes the Oct high at 3.40 1/2 its next upside target. Resistance above there lies at the Jul gap of 3.56. Weekly resistance lies at 3.36 1/2 (basis Mar), which is the .382 retracement...

Cotton.(Agricultural Markets)
February 25, 2005... May is probing horizontal resistance between its Jan high at .4925 and its Oct gap at .4975. CC above the .4975 level will lead to a test of the Sep gap at .5245. CC above there targets the Sep gap at .5540. CC below the Feb gap at .4760...

Sugar.(Agricultural Markets)
February 25, 2005... May has support at its Aug/Dec UTL (904-907). CC below bodes well for a test of the Nov low at 851. CC below there targets the Aug low at .811. Initial resistance now lies at the Feb DTL (936-929). CC above targets the contract high at 938. CC...