dynamic gann level update - weekend summary

[Ganntrader]

Group Update - April 9
(edited from user group update)

MAY COPPER hit the DGL on Wednesday but couldn't close above it either then or
Thursday; the DGL was 77.05 Thursday and the close was 76.85. Friday's session
created a sell setup for Monday if prices hit 74.70.

JUNE LIVE CATTLE has rallied up to the DGL at 73.800 with the high Friday
hitting 73.825. Looking for a move lower, with the short entry for Monday at
73.275.

MAY CORN had a high of 213.25, with the DGL at 213.75 so I'm looking for a turn
lower. Entry would be 209.50 for Monday.

European Markets:

MIB 30 is moving into a warning zone for a weekly cycle peak; it has nearly
rallied to the key weekly DGL at 39775 with its high this past week reaching
39528 on Thursday. The 50-period moving average is at 40006.

GERMAN BUND FUTURES have turned higher off the DGL at 108.92, where it has
tested support for the past few sessions. An long entry for next session would
be triggered at 109.39.
----------
JULY COCOA - prices continue to be supported by the DGL and as mentioned in my
last comments on this market (April 2 update) this tends to favor a bullish
scenario, with the drop to the March 21 low being only a correction in an
ongoing uptrend.
Indeed, Friday's higher low and higher close makes me think we could see a move
right now; Monday's trade band buy would be 1038.

JULY COPPER
The high Friday, basis July, was 48.35. This was the exact value of the DGL.
The daily cycle is also peaking; I'd probably wait for a bar with a close <
open before trying to enter, however.

Potential Trend Changes for the coming week based on weekly DGL and cycle:
TURNING UP: GOLD, COCOA
TURNING DOWN: NIKKEI, LUMBER, HEATING OIL

====
For info on DGLs and user group, go to http://members.aol.com/ganntrader, or
email Don Fisher, gannt...@aol.com