The market close on MARCH 06, 2006, showed that the market conditions influencing the Loonie and the $USD have devolved into a boring "trading range" since our last commentary (MARCH 3, 2006)

Today’s closing price showed that the Loonie could not hold its recent gains. The Commercials appear to have lost interest in the Loonie.

The Loonie should now stay in this trading range until "the event occurs".

Smart money has now backed away from the Loonie, and selling has stopped momentarily in the $USD

The locals again hit the short side of $USD, and the $USD found support from the traders.

When no Commercial selling surfaced today, the traders bailed out of their shorts.

The $USD finished with a strong close, leaving the shorts scratching their heads. .

The $USD has had its momentum broken, and it should see its recent lows tested by the technical traders. But it’s going to be a fight.

The subscribers to THE LOONIE WATCH (copyright 2006) have already received the necessary instructions to capitalize on the new information!

Today’s pressure on Crude Oil prompted a knee jerk reaction of $USD buying.

The probable outcome is a further test of Crude Oil’s strength, and a surprise when there is support from the Commercials. If the basis of the $USD buying today was a weakening of Crude Oil prices, the $USD longs are probably in serious trouble.

The Loonie is still a happy camper, but stuck in a trading range.

The $USD has moved out of its last trading range by heading lower, and the $USD bulls will probably be severely tested soon.

Wayne N. Krautkramer onlypill@cox.net

https://onlypill.tripod.com/thelooniewatchercopyright2006bypitagorasinternacionalsa

Pitagoras Internacional SA will not be liable for any liability, loss or damage directly or indirectly caused, or believed to be caused, by THE LOONIE WATCHER (copyright 2006)