CURRENCIES
September Australian Dollar ADU9
FLAT
September British Pound BPU9
The Pound is taking its time, but the setup is still viable so I’ll run it again for Tuesday.
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 – We’re getting a reaction alright, but not enough to tell us which side of the trade we want to be on. I’ll give it another day or two before putting something together.[Note: July 1st is Canada Day and the Canadian markets will NOT be open.]
September EuroFX ECU9
FLAT
September Japanese Yen JYU9
The Yen came right back off support with resistance. I’m sticking with the trend, but a move lower will change our directional bias.
If September Japanese Yen opens at or below 105.50
BUY September Japanese Yen at 105.53 (stop)(day)
If filled: Exit Stop: 104.13 (stop)(GTC)
Approximate Risk: $1750 per contract
Profit Target: 106.33 (limit)(GTC)
Approximate Profit: $1000 per contract
Degree of Risk: Moderate to HIGH
September Swiss Franc SFU9
FLAT
September US Dollar Index DXU9
We’re still hanging on to our short position here. Things are better but we’re not quite out of the woods.
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: Moderate to HIGH
FINANCIALS/INDICES
March Eurodollar EDH0
FLAT
September 30 Year T-Bond USU9
FLAT
September mini-DOW YMU9
FLAT
September mini-S&P ESU9
FLAT – The emini didn’t do as we expected so I’m pulling the trade for Tuesday.
GRAINS
November Canola RSX9
As expected Canola tagged us for a loss to start the week. At least it was a small hit.
COMPLETION of Long November Canola at 464.0 (June 26)
Exit Stop: 451.0
Approximate Loss: $260 per contract
September mini- Corn @YCU9
FLAT
September Oats OU9
FLAT
July Soybean Meal SMN9
FLAT
September Soybean Oil BOU9
The market’s a touch on the wishy-washy side, but I’ll let it run another day.
If September Bean Oil opens at or above 3623
SELL September Bean Oil at 3607 (stop)(day)
If filled: Exit Stop: 3729 (stop)(GTC)
Approximate Risk: $732 per contract
Profit Target: 3523 (limit)(GTC)
Approximate Profit: $500 per contract
Degree of Risk: HIGH
September (mini) Soybean @YKU9
FLAT
September mini-Wheat @YWU9
FLAT
MEATS
August Feeder Cattle FCQ9
FLAT
August Live Cattle LCQ9
FLAT
August Lean Hogs LHQ9
Watch List – I’m bullish on Hogs, but I’m not ready to commit.
METALS
September Copper HGU9
Watch List – Ditto for Copper.
August mini-Gold YGCZQ9
FLAT
September mini-Silver YIU9
FLAT
SOFTS
September Cocoa CCU9
FLAT
September Coffee KCU9
FLAT
September Cotton CTU9
FLAT
September OJ OJU9
FLAT
October Sugar SBV9
FLAT
