CURRENCIES
June British Pound BPM9
There’s the momentum, but I have to say it’s a little tricky as the market bounced before the stronger support at 156.50, but a buy signal is a buy signal, so…
[NOTE: this is a hit 'n run trade as the contract expires in a few days.]
If June British Pound opens at or below 163.60
BUY June British Pound at 164.61 (stop)(day)
If filled: Exit Stop: 160.11 (stop)(GTC)
Approximate Risk: $2812 per contract
Profit Target: 166.21 (limit)(GTC)
Approximate Profit: $1000 per contract
Degree of Risk: Moderate to HIGH
June EuroFX ECM9
FLAT – There’s the bounce we were waiting for but the range is far too big to cover (over $4000 per contract) so I’m letting it go.
June US Dollar Index DXM9
The USD was a little more reasonable rangewise so we’re able to short it Wednesday.
If the US Dollar Index opens at or above 79700
SELL US Dollar Index at 79570 (stop)(day)
If filled: Exit Stop: 81190 (stop)(GTC)
Approximate Risk: $1000 per contract
Profit Target: 78570 (limit)(GTC)
Approximate Profit: $1000 per contract
Degree of Risk: Moderate to HIGH
GRAINS
July mini-Wheat @YWN9
FLAT – Don’t ask me why, but I just don’t trust the support we saw on Tuesday. I might regret it but I’m going to wait a little longer.
METALS
July Copper HGN9
We bought Copper on a nice rally, now hopefully it will continue to rally to our target!
CONTINUATION of Long July Copper at 235.20 (June 9)
Exit Stop: 223.80 (stop)(GTC)
Approximate Risk: $2850 per contract
Profit Target: 241.90 (limit)(GTC)
Approximate Profit: $1675 per contract
Degree of Risk: Moderate to HIGH
SOFTS
July Cotton CTN9
I’m breathing a touch easier after Tuesday’s session brought some bearish momentum back into the market. Notice that we still haven’t broken our support level however!
CONTINUATION of Short July Cotton at 5460 (June 
Exit Stop: 5700 (stop)(GTC)
Approximate Risk: $1200 per contract
Profit Target: 5280 (limit)(GTC)
Approximate Profit: $900 per contract
Degree of Risk: HIGH
July Sugar SBN9
These small ranges mean something big is coming; however I’m not convinced it’s a move higher; hence I’m leaving my entry a bit further away.
If July Sugar opens at or below 1575
BUY July Sugar at 1597 (stop)(day)
If filled: Exit Stop: 1521 (stop)(GTC)
Approximate Risk: $851 per contract
Profit Target: 1643 (limit)(GTC)
Approximate Profit: $515 per contract
Degree of Risk: Moderate to HIGH
