Currencies, Sugar

The dollar index may have at least one more rally in it from today's early weakness. Buy the Dec DX at 8660 with a 90 pt stop and a 8850 target.

The EC and BP look just the opposite. Sell Dec EC at 1.2785 with a 120 pt stop and a 1.2500 target and Sell the Dec BP at 1.5050 also with a 120 point stop and a 1.4800 target.

Shorter term trades with tighter stops may develop throughout the day.



Sugar is higher from Friday's entry. I would move the stop to 11.45 and continue to target 11.70. Also, if stopped I would look to re-enter from lower levels (11.25).



There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results