wmeubank@ocp.kcmo.com
COMMODITY INSIGHT
152 Ennis Lake Road,
Ennis, Montana
(June 8, 1997) CURRENCIES: I have been waiting patiently to re-
enter the long side of the Canadian Dollar on a hard break. This past week
finally brought forth a break. Now the question is, "do I want to
buy it?" I think so.
For the next five days, buy (1) September Canadian Dollar at 0.7240
with a 0.7219 intra-day stop. If the Canadian is going to hold on this
current break, longs can be established around the 0.7240 to 0.7260 level
with relatively tight stops.
Jerry F. Welch
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