Coffee 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: Buy Sept Coffee @ 10500/Target 113.50/Stop Close 100.00
Momentum studies are rising & fundamentals are starting to turn slightly bullish
Longer Term Coffee Trade: Buy @ Market/Target 125.00/Stop Close 97.00
Unable in Sept Wheat Tuesday
Other Trades:
Long Sept Coffee @ 101.75/Took profit at 106, more aggressive traders look to take profit @ 109
Long Nov Beans @ 682/Target 720/Stop Close 660
Short Sept T-Bonds @ 115-28 & 115-04/Target 114-00/Stop Close 116-20
Long Aug Meal @ 215.5/Short Aug Bean Oil @ 24.85
Long Dec Corn/Short Dec Wheat @ -104
Long Sept Canadian Dollar/Short Sept Japanese Yen @ -727
Short 2 Aug Lean Hogs @ 68.25/Target 63.00/Stop 70.50
Short Sept Dow Jones @ 10700/Target 10580/Stop Close 10800
Long Dec Corn @ 254 & 246/target 270/Stop Close 240
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
www.ifgfutures.com
posted by tony woods @ 7:48 AM
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