Pork Bellies 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 Recommendation: Sell Aug Pork Bellies @ 79.20 or better/Target 74.00-73.00/Stop Close above your entry price. For Aggressive Traders Only
The market is extremely overbought.
Other Trades:
Short Sept Dow Jones @ 10700/Target 10580, more aggresive traders 10500
Short T-Bonds @ 115-28/Target 114-00/Stop Close 116-20
Long Coffee @ 101.75/Target 106, 109 for more aggressive traders/Stop Close 97.00
Long Meal @ 215.5/Short Bean Oil @ 24.85
Long Dec Corn @ 254 & 246/Target 270/Stop Close 240
Long Dec Corn/Short Dec Wheat @ -104/Target 80-70
Short 2 Aug Lean Hogs @ 68.25/Target 63.00/Stop 70.50
Long Sept Canadian Dollar/Short Sept Japanese Yen @ -727
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
www.ifgfutures.com
posted by tony woods @ 7:28 AM
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