Live Cattle Recommendation & Meal/Bean Oil Spread
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 Aug Live Cattle @ 79.00/Target 82.00/Stop 77.30
Funds should roll short position from Aug to Oct & the market is oversold. Look for a bounce.
For Aggressive Traders Only: Buy Aug Soymeal/Sell Aug Bean Oil @ Market/If oil starts to gain on meal add to the position/This is a bullish position.
Wednesday's Trade: We bought the Sept Canadian Dollar @ 8303 & sold the Sept Japanese Yen @ 9030/I still think you can enter this trade at the market today.
International Futures Group
Anthony Woods
Senior account Executive
(800)786-4475
www.ifgfutures.com
posted by tony woods @ 8:26 AM
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