Lee Gaus Weekly comments and recommendations
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.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.
JUNE CANADIAN DOLLAR: In a long term uptrend reverses on a Friday close below 8677.
key dates are on or about 2/28 then on or about 3/10.
JUNE BRITISH POUND: In a long term downtrend reverses on a Friday close above 1.7974.
Key dates looking for a high day on or about 2/23, then a low day on or about 3/8
JUNE DOLLAR INDEX: In a long term downtrend, reverses on a Friday close above 8907. SHORT TERM AND MID-TERM INDICATORS ARE BULLISH, HIGHER RISK TRADE LOOK TO BUY DOLLAR INDEX. Key Dates, looking a high day on or about 2/23, and then a low day on or about 3/1.
JUNE AUSSIE DOLLAR: In a long term downtrend reverses on a Friday close above 7737.
SHORT TERM INDICATOR IS BEARISH, HIGHER RISK TRADE LOOK TO SELL A. DOLLAR. Key dates are on or about 3/3, then on or about 3/20.
JUNE SWISS FRANC: In a long term downtrend reverses on a Friday close above 8220. Key dates looking for a low day on or about 3/7.
SHORT TERM INDICATOR IS BEARISH, HIGHER RISK TRADE LOOK TO SELL S. Franc.
JUNE EURO CURRENCY: In a long term uptrend reverses on a Friday close below 1.2135. SHORT TERM INDICATOR IS BEARISH, HIGHER RISK TRADE LOOK TO SELL EURO CURRENCY. Key dates looking for a high day on or about 3/8.
JUNE JAPANESE YEN: In a long term uptrend. SHORT TERM AND MID-TERM INDICATORS ARE BULLISH, HIGHER RISK TRADE LOOK TO BUY DOLLAR INDEX. Ket dayes are on or about 2/21, then on or about 3/22, then on or about 4/6.
JUNE EURO CURRENCY/JUNE SWISS FRANC: Bullish Euro/Bearish Swiss reverses on Friday close below 4257 to the Euro
JUNE EURO CURRENCY/JUNE J. YEN: Bearish Euro/Bulish J. Yen reverses on Friday close above 3295 to the Euro
JUNE EURO CURRENCY/JUNE CANADIAN DOLLAR: Bullish Euro/Bearish C. Dollar reverses on Friday close below 3458 to the Euro, SHORT TERM INDICATORS LOOKING AT POSSIBLE TREND REVERSAL, HIGH RISK TRADE IS TO BUY C-DOLLAR/SELL EURO CURRENCY
JUNE EURO CURRENCY/JUNE AUSSIE DOLLAR: Bullish Euro/Bearish A. Dollar reverses on Friday close below 4730 to the Euro, SHORT TERM INDICATORS LOOKING AT POSSIBLE TREND REVERSAL, HIGH RISK TRADE IS TO BUY A-DOLLAR/SELL EURO CURRENCY
JUNE B. POUND/JUNE EURO CURRENCY: Bullish B.Pound/Bearish Euro, reverses on a Friday close below 5312 to the B. Pound.
MAY CORN: In a long term uptrend, reverses on a Friday close below 204, key date 3/8.
MAY WHEAT: In a long term uptrend, reverses on a Friday close below 330, key date on or about 3/8.
MAY SOYBEANS: In a long term uptrend, reverses on a Friday close below 4.23 ½ , key date on or about 2/20, then on or about 3/8. Short and long term inducators are now both higher.
MAY OATS: In a long term uptrend, reverses on a Friday close below 168
MAY WHEAT/MAY CORN: Bullish May Wheat/Bearish May Corn reverses on a Friday close below 113 to the Wheat.
MAY SOYBEANS/MAY WHEAT: Bullish May Wheat/Bearish May Soybeans reverses on a Friday close above 2.81 to the Soybeans.
MAY SOYBEANS/MAY CORN: Bullish May Soybeans/Bearish May Corn reverses on a Friday close below 303 to the Soybeans. Both Short and and long term indicators are now bullish.
MAY CORN/MAY OATS: Bullish Corn/Bearish Oats reverses on a Friday close below 34 to the Corn.
APRIL HOGS: In a long term downtrend, reverses Friday on a close above 6722. Looking for a high day on or about 3/2, and then a low day on or about 3/22.
MAY PORK BELLIES: In a long term downtrend, reverses on a Friday close above 8550
Looking for a high day on or about 3/3, and then a low day on or about 3/20.
APRIL CATTLE: In a long term downtrend, reverses Friday on a close above 9805. Looking for a high day on or about 2/28, and then a high day on or about 3/16.
APRIL CATTLE/APRIL HOGS: Bullish Cattle/Bearish Hogs reverses on a Friday close below 2748 to the Cattle. Short term inducator has reversed.
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.
JULY COCOA: In a long term uptrend, reverses on a Friday close below 1500, short term indicator resumed an down trend bias after turing back up for a single week. Be mindfuk of a sideways choppy market. Key dates are on or about 3/2, then on or about 3/20, then on or about 3/27.
JULY COFFEE: In a long term uptrend, reverses on a Friday close below 102. Looking for a high day on or about 2/20, then a low day on or about 3/2. Short term indicator turned bearish
MAY COTTON: In a long term uptrend reverses on a Friday close below 5423. Key dates are on or about 2/20, then on or about 3/2.
JULY SUGAR: In a long term uptrend, reverses on a Friday close below 1380. Key Dates, looking for a low day on or about 2/20, then a high day on or about 3/8, then a low day on or about 3/21.
JULY LUMBER: In a long term downtrend, reverses on a close above 390. Key dates looking for a high day on or about 3/1.
MAY CRUDE OIL: In a long term uptrend, reverses on a Friday close below 6057. Key dates are on or about 2/24, then 4/4.
MAY UNLEADED: In a long term downtrend, reverses on a Friday close above .1340. Key dates are on or about 2/24, then 4/4.
May Natural Gas : In a long term downtrend, reverses on a Friday close above 10.54.
APRIL GOLD: In a long term uptrend reverses on a Friday close below 510. Key date then on or about 2/24
MAY SILVER: In a long term uptrend reverses on a Friday close below 8661. Key dates are on or about 2/23.
MAY COPPER: In a long term uptrend, reverses on a close below 1.97. Key date on or about 2/24.
JUNE T-BONDS: In a long tern uptrend, reverses on a close below 111.27. Key dates looking for a low day on or about 2/20, then a high day on or about 2/28.
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.
RECOMMENDATIONS
Sell March Euro Currency
Sell March Swiss Franc
Sell March Aussie
Sell March B. Pound
Buy March Yen/Sell March Euro Currency
Buy May Sugar
Buy May Cotton
Sell July Coffee (Higher risk trade)
Sell April Hogs
Buy April Hogs/Sell April Cattle
Buy May Oats
Buy May Beans
Buy May Wheat
Buy May Corn
Buy May Corn/Sell May Oats
Buy May Beans/Sell May Corn
Buy May Wheat/Sell May Corn
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.
posted by Lee Gaus @ 8:22 PM
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