Enron Mail

From:weekend@ino.com
To:alewis@enron.com
Subject:Andrew, Commodities Push Higher, Dollar Strong
Cc:
Bcc:
Date:Sat, 26 Jan 2002 08:17:08 -0800 (PST)

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<1< Weekly Market Wrap
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Dear Andrew:

The U.S. Dollar continued to claim the high ground in the
Currency markets after Alan Greenspan expressed greater
optimism about economic recovery. Blue Chips also responded
positively, but not so Technologies which were affected by
poor earnings forecasts. In Commodity Futures, a gasoline
refinery outage Friday boosted the Energy complex helping
Crude Oil advance all five days of the week. Gold and
Silver finished higher despite the Dollar's gains, while
Copper tripped on late selling after scoring new highs for
three consecutive sessions. Cash market fundamentals took
Cattle and Hogs to their highest levels in about a month.
Forecasts of more Brazilian rain dented Soybeans, Corn
closed lower despite brisk export sales, but Wheat surprised
with a late rally and closed near its January highs. Coffee
sank, Cocoa and Sugar closed higher, as did Cotton which
spun around on improved fundamentals after four down days.

- Alex McCallum, Editorial Director & Forum Moderator

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DISCLAIMER - CFTC RULE 4.41 - HYPOTHETICAL OR
SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD,
SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.
ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER- OR-OVER COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS
LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN
GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE
DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR
IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO
THOSE SHOWN.

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