This article is brought to you by:
CONSENSUS

CORE FUTURES

101 First Avenue, Sand Point, Idaho

(April 1, 2002) CURRENCIES: The USDX continues to firm up after establishing the double bottom on the daily cash chart. The June Euro traded lower after an unsuccessful attempt to close above resistance. The early week trade could see a small spike higher, which could present itself as a selling opportunity. I believe long term the 8400 level should be attained. The Yen drifted mostly sideways during the week in sloppy two-sided trade. The lack of strength here leaves the door open to revisit the lows and 7360 June Yen a possibility. The British Pound continues trade inside the triangle formation. On a weekly chart it looks like an inverted H&S formation, but we would need at least multiple closes above 14250 basis June to get friendly. Until then I still have a projection of 13600 June BP.

Key levels BPM 14000 & 14250; ECM 8530 & 8750; JYM 7700 & 7350; DXM 11800 &12000

Best trade setups for the week:

Buy CDM 6300 stop close only risk to a close below 6250.

Buy June British Pound at 14278 stop close only risk to a close below 14100.

Previous recommended trade management: Hold short Swiss franc at 5943 risk 100 point trailing stop target 5680.

J. Mark Kinoff

www.corefutures.com

email: kinoff@corefutures.com

Hosted by:
CONSENSUS, INC. AND INVESTORS CO-OP
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com