Coffee, Bean Oil & Spread Trades
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 July Coffee @ 122.00/Target 138.00-140.00/Stop Close 119.00
Buy July Bean Oil @ 30.80/Target & Stop to come later
Took a profit in May Cocca today at 1720 (long from 1610)
Looking to take a profit in March Dollar Index @ 8425 (short from 8500 & 8473)
Bought Dec Cotton yesterday @ 59.10/Target to come later/Stop 57.70
Spread Traders look to Buy Dec Cotton/Sell July Cotton/Target Range 2.30-2.50 from entry
price or Buy Nov Beans/Sell July Beans/Target Range 10-20 cents from entry price
Basic old crop/new crop spreads/It looks like a lot of bean & cotton acres will go to other crops
If you want more info on spread trading go to www.ifgfutures.com & click on spreads or e-mail me at tony@ifgfutures.com & include your mailing address & phone number
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
posted by tony woods @ 7:36 AM
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