Coffee & Meal/Oil Spread Recommendation
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.Trade Recommendations: Buy Sept Coffee @ 102.00/Target 106.00, more aggressive traders 109.00/Stop Close 97.00/For Aggressive Traders Only
Daily Stochastics are showing positive momentum & the market looks like the bottom is in place.
Buy Aug Meal/Sell Aug Bean Oil @ market
Lack of rain for the next 10-14 days & large oil stocks.
Other Trades:
Short T-Bonds @ 115-28/Target 114-00/Stop Close 116-22
Long Dec Corn @ 254 & 246/Target 270/Stop Close 240
Short 2 Aug Lean Hogs @ 68.25/Target 63.00/Stop 70.50
Long Dec Corn/Short Dec Wheat @ -104/Target 80-70 cents
Long Oct Sugar @ 9.44/Target 10.00
Liquidated Long Aug Live Cattle position @79.00/I was long from 79.00/Bearish cold storage report.
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
www.ifgfutures.com
posted by tony woods @ 7:41 AM
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