CURRENCIES
September British Pound BPU9
Still sideways, still looking for a breakout to the trendside.
If the September British Pound opens at or below 166.00
BUY September British Pound at 166.37 (stop)(day)
If filled: Exit Stop: 162.87 (stop)(GTC)
Approximate Risk: $2187 per contract
Profit Target: 167.97 (limit)(GTC)
Approximate Profit: $1000 per contract
Degree of Risk: Moderate to HIGH
September Canadian Dollar CDU9
Watch List – Serious support at 8610. We’ll likely get a reaction here and maybe even a trade.
September Swiss Franc SFU9
FLAT – Yikes! I guess we were right after all! Of course I pulled the trade so we weren’t in play.
September US Dollar Index DXU9
Of course the big reversal in the Swissy puts our US Dollar trade at risk. We have a good trade signal here, hopefully it holds out.
CONTINUATION of Short September US Dollar Index at 80330 (June 23)
Exit Stop: 81270 (stop)(GTC)
Approximate Risk: $940 per contract
Profit Target: 79430 (limit)(GTC)
Approximate Profit: $900 per contract
Degree of Risk: HIGH
FINANCIALS/INDICES
March Eurodollar EDH0
Watch List – Okay, we’re getting warmer now that we have resistance.
GRAINS
November Canola RSX9
Serious boost to Canola’s momentum for Wednesday. Our trade is looking really good right now.
If November Canola opens at or below 463.0
BUY November Canola at 464.0 (stop)(day)
If filled: Exit Stop: 451.0 (stop)(GTC)
Approximate Risk: $260 per contract
Profit Target: 476.5 (limit)(GTC)
Approximate Profit: $250 per contract
Degree of Risk: Moderate
MEATS
August Live Cattle LCQ9
Watch List – We have resistance and possibly another sell coming up.
August Lean Hogs LHQ9
Watch List – Hogs are building momentum to the upside so I’m looking for a chance to buy support.
METALS
September mini-Silver YIU9
Watch List – Support is forming. Look for a possible rally for Thursday.
