Monday, July 16, 2007

Feeder Cattle & Cotton

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 Dec Cotton 68.50/Stop 69.50/Target 65.00
Sold Dec Cotton today @ 68.50

Extreme Overbought

Sell Sept Feeder Cattle @ 116.50/Stop 117.50/Target 113.00

Stopped Out of Dec Cotton Friday @68.38/Short from 67.20
Long Aug Live Cattle @ 89.50/conservative traders took a profit @92.50 & aggressive traders took a profit @ 93.50-94.00 range
Long Aug Lean Hogs @ 70.10/conservative traders took a profit @ 72.50 & aggressive traders took a profit @ 73.50

International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
tony@ifgfutures.com

Current Positions:Long Aug Natural Gas @ 6.500/Target 7.000/Stop 6.200
Long Sept Coffee @117.50 & 111.00/Stop 109.00/Target to come later
Long Oct Sugar @ 897 & 945/hit the target 1030
Long Dec Corn @ 355 1/2/Target 380/Stopped out @ 342
Long Sept Ten-Year Note @ 105.00/Stop 104.14/move the target to 106.16 from 106.00
Short Dec Wheat @ 640/Stop 650/Target to come later
Short Dec Cotton @ 68.50/hit the target @ 65.00
Short Aug Crude Oil @ 75.00/Stop 76.00/Target 73.00

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