WELCOME TO CLEARTRADE'S NEWSLETTER
ClearTrade's trading recommendations and weekly commodity newsletter was first published in October 1998. Since that time, our research has continued to evolve into an important source of technical insight for many traders. Our goal is to provide traders with a 'game plan' to prepare for the trading day and week ahead.
ClearTrade's technical analyst, Scott Joss, is a veteran futures trader with twenty-eight years experience on and off the trading floor - as a pit trader, account executive handling arbitrage for Smith Barney, former member of the CBOT and presently an IB. Scott prepares technical analysis in selected market groups when an opportunity presents itself and not only develops trading modules on selected trading opportunities but 'feeds-forward', advising traders what to expect and how to react.
 At ClearTrade, we think it’s helpful to speak directly with traders who have requested our research and/or may be interested in establishing an account with us. Understanding your trading needs and goals is important. And we think you should have an opportunity to get to know who we are and what we offer on a one to one basis.
ClearTrade Contact Phone Numbers

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• TECH TALK
•  CHART WATCH 
•  CURRENT 'MONTHLY' RECOMMENDATION
•  FUTURES WATCH
•  COMING EVENTS AND DATA RELEASES

TECH TALK by Scott R. Joss (Non member C.T.A)*

SEPTEMBER TEN YEAR NOTE (TY5U)
Last week I developed a trading module for Ten-year notes and 30-year Bonds. This week I will continue only with the Ten-year note in order to have the ability to write and develop trading modules for other products. Each trading module I write and develop generally takes between two and three hours each weekend. Even I need some time off…...
Last week I wrote that the Ten-year note had been in a seven-week price advance that began from lows of 107-185 to recent highs of 114-210.
There were four unfilled price gaps below the current market price - currently there are three. The most recent gap between 112-275 and 112-300 was filled last week. The second unfilled price gap below the market price is between 111-045 and 111-090.
There are no unfilled price gaps above the current market price.
Last week, Notes had a weekly recommendation: buy when trades 114-030 - sell when trades 112-290.
On 6/13/05, Notes posted a weekly sell signal at 112-290.
Last week's high was 113-010.
Last week's low was 112-050.
Last month's high was 113-155.
Last month's low was 110-290.
WHAT WERE TRADERS ADVISED TO DO LAST WEEK?
If the Ten-year Note posted a weekly sell signal at 112-290, traders were advised to establish a short position, placing a resting stop and reverse order at 114-030.
If the Ten-year note posted a weekly sell signal at 112-290 and reversed, traders were advised to either add to their existing short position or establish a short position against last month’s high of 113-155, placing stop and reverse orders at 114-030.
Our first objective was to fill the most current gap at 112-275 (was met).
If the Ten-year note posted a close below 112-165, traders were advised to either add to their existing short position or establish a short position, placing stops for this position only above 112-290.
If the Ten-year note posted a close below 112-065, traders were advised to either add to their existing short position or establish a short position, placing all stops above 112-290.
WHAT SHOULD TRADERS DO NEXT WEEK?
Traders who established a short position at 112-290 are advised to move stops above 113-060.
Traders who either added to their existing short position or established a short position at 112-165 or below are advised to leave their stops above 112-290.
For Monday Notes have a daily recommendation: buy when trades 112-260 - sell when trades 112-130.
If Notes first post a daily buy signal at 112-260, traders are not advised to establish a long position but should leave their existing stops as mentioned above.
If Notes first post a buy signal at 112-260 yet reverse - posting a sell signal at 112-130, traders are advised to either add to their existing short position or establish a short position, placing stops for this position only at 112-260.
If Notes post a sell signal at 112-130, traders are advised to either add to their existing short position or establish a short position, placing all stops above 112-290.
If Notes post a lower low than last week’s low of 112-050, traders are advised to either add to their existing short position or establish a short position, placing stops for this position only above 112-130.  
Our second objective will be to fill the second price gap at 111-045.
If the Ten-year note were to post a close below 111-045, traders should prepare for an all out assault on May’s lows 110-290.
Our third objective will to fill the third price gap at 110-080.
If notes were to close at or below 110-290 on a monthly basis - in this case June 30th, this would constitute a major trend reversal.
Why a trend reversal?
On 6/03/05, the Ten-year note posted a higher monthly high at 114-210 - contract highs, which was higher than May’s high of 113-155.
If the Ten-year note were to close at or below May’s low of 110-290 on the close of business June 30th, this would constitute a major change in trend.
If the Ten-year note were to post a monthly close below 110-290, traders are advised to either add to their existing short position or establish a short position, placing all stops above 111-285.
Conservative traders are advised to purchase September 111-00 puts, risking 50% of purchase price.
Our long-term objective will be a challenge of March lows of 107-185.
On the flipside…
If Ten-year notes first post a daily sell signal at 112-130 and post a lower low than last week’s low of 112-050 - yet reverses,  traders are to place resting buy stop orders at 113-020 to establish a long position.
If this was to occur and resting buy orders were filled, traders are advised to place stops for this position below 112-290.
Our objective will be a challenge of last month’s high of 113-155.
If Notes post a monthly close above 113-155, traders should prepare for an assault on major resistance at 114-035.
If Notes post a monthly close above 114-035, traders are advised to either add to their existing long position or establish a long position, placing all stops below 113-155.
If this were to occur, traders should prepare for an all out assault on contract highs at 114-210.
If the Ten-year note were to post multiple closes above 114-210, traders are advised to either add to their existing long position or establish a long position, placing all stops below 114-035.
Our second objective will be 115-245.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?TY05U
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?TY
  
----------------------------------------------------
OCTOBER SUGAR (SB5V)
For several weeks I have been writing technically and fundamentally about Sugar.
Being a technician, I have been watching this product with excitement and anticipation since last October. However, until consecutive buy signals were posted, I could not act on the obvious bullish “W” formations seen on the daily, weekly and monthly charts.
Traders know that timing and risk are crucial when developing a trading module.  
     
October Sugar has been in a multi-year price advance which began from lows of 6.12 (2/13/04) to recent highs of 9.45 (3/17/05).
Until recently, October Sugar had been in a 4-week price decline that began from highs of 9.45 to lows of 8.24 (5/05/05).
Currently Sugar has traded from its lows of 8.24 to highs of 9.07 (6/17/05).
Sugar closed Friday at 9.06, which is above its 100-day moving average of 8.89 and its 200-day moving average of 8.81.
Sugar has seven unfilled price gaps above the current market price. The most recent price gap is between 9.25 and 9.32.
Sugar has four unfilled price gaps below the current market price. The most recent price gap is between 8.78 and 8.79.
On 5/18/05, Sugar posted a weekly buy signal at 8.54.
On 6/17/05, Sugar posted an ‘intra-weekly’ buy signal at 9.04.
The daily Sugar chart appears to be developing a bullish “W” formation or a one-two-three bottom.
The all-important middle of the “W” is at 8.65. 
The long-term weekly Sugar chart has the same formation as the daily chart, which is a bullish “W” formation.
As I explained last week, there is a major difference between the two - which happens to be that the long-term weekly Sugar chart broke out of its downward trendline on 9/03/04 at 8.40.  
The all-important middle of the weekly “W” is at 8.85. 
The long-term monthly Sugar chart supports the daily and long-term weekly charts but has not only one but also possibly two “W” formations developing.
The all-important middle of the first monthly “W” is at 8.85.
The all-important middle of the second “W” is at 11.40.
In my past issues, readers were shown by example how I calculated our long-term objectives, which are 12.88 and 18.87.
The caveat is that Sugar must maintain a foothold above the middle of the correlating W‘s, which is at 8.85 and then the second W, which is at 11.40.
Can Sugar go higher than the objectives listed above?
Sure, and history supports that it may. However, until new chart formations and potential trade signals are generated, our current objectives will remain.
When I was at the University of Arizona in 1974, I have memories of my roommate driving his ailing Pinto across the border into Mexico to purchase sacks of sugar (enough to fill his car) at very discounted prices - and then driving them back north to sell to bakers at 66-cents a pound. His Pinto was never quite the same after those sugar runs. 
Last week's high was 9.07.
Last week's low was 8.77.
Last month's high was 8.91.
Last month's low was 8.24.
WHAT WERE TRADERS ADVISED TO DO LAST WEEK?
Traders who established a long position in October Sugar were advised to place their stops below 8.65.
If October Sugar were first to pull back in price to last week’s low of 8.84, traders were advised to either add to their existing long position or establish a long position, placing stops below 8.65.
Conservative traders were advised to purchase multiple March 1200 calls, risking 100% of purchase price.
If Sugar posted a higher high than last week’s high of 9.03, traders were advised to either add to their existing long position or establish a long position, placing stops for this position only at 8.83.
Conservative traders were advised to purchase multiple March 1200 calls, risking 100% of purchase price.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Traders who either added to their existing long position or established long positions below Fridays ‘intra-weekly’ buy signal of 9.04 are advised to move their stops below last week’s low of 8.77.
If Sugar posts a close above 9.13, traders are advised to either add to their existing long position or establish a long position, placing stops for this position only below 8.91.
Conservative traders were advised to purchase multiple March 1200 calls, risking 100% of purchase price.
Our first objective will be to fill the recent unfilled gap above the current market price between 9.25 and 9.32.
If Sugar posts multiple closes above 9.25, traders should prepare for an assault on contract highs of 9.45.
If Sugar posts multiple closes above 9.45, traders are advised to either add to their existing long position or establish a long position, placing all stops below 9.03.
Conservative traders were advised to purchase multiple March 1200 calls, risking 100% of purchase price.
On the flipside…
If Sugar were to reverse and post a monthly close at or below 8.24, traders are to sit on the sidelines and wait for another trading opportunity.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?SB05V
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?SB
----------------------------------------------------
DECEMBER CORN (C5Z)
This week I was hoping to write about December Corn and a developing weekly - and even a possible monthly recommendation …. but alas, it was not to be. However, clients were advised to establish long positions in July and December Corn.
December Corn has been in a twelve-week trading range between 220.75 lows and 249.50 highs.
Corn has three unfilled price gaps below the current market price. The most recent unfilled gap below the current market price is between 239.50 and 242.00.
Corn has three unfilled price gaps above the current market price. The most recent unfilled gap above the current market price is between 254.75 and 256.00. The second unfilled price gap is between 258.50 and 259.00.
Corn has the appearance of a runaway bull market. 
WHAT WERE TRADERS ADVISED TO DO LAST WEEK?
On 6/16/05, December Corn posted higher weekly highs than the previous week and higher monthly highs than May‘s.
Traders were advised to establish a long position at new weekly highs of 243.50, placing stops at the downside gap of 239.50.
Conservative traders were advised to purchase September 260 calls, risking 60% of purchased value.
Traders were advised to either add to their existing long position at new monthly highs of 245.25, placing stops at the downside gap of 239.50.
Conservative traders were advised to either add to their existing call position or purchase September 260 calls, risking 60% of purchased value.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Traders who established a long position in July Corn are advised to leave their stops at 219.25 - for now.
Traders who established a long position in December Corn are advised to leave their stops at 239.50 - for now.
Conservative traders who purchased September 260 calls are advised to continue to risk 60% of purchased value.
If December Corn posts a close above 249.50, traders are advised to either add to their existing long position or establish a long position, placing stops for this position below 243.25.
Conservative traders are advised to either add to their existing call position or purchase September 260 calls, risking 60% of purchased value.
Our first objective will be the unfilled price gap between 254.75 and 256.00.
Our second objective will be the unfilled price gap between 258.50 and 259.00.
If Corn posts a close above 258.75, traders are advised to either add to their existing long position or establish a long position, placing all stops below 249.50.
Our next objective will be a challenge of August 2004 highs of 266.50.
If Corn posts a close above 266.50, traders are advised to either add to their existing long position or establish a long position, placing all stops below 258.75.
Our next objective will be 271.00.
On the flipside….
If Corn fills its downside gap between 239.50 and 242.00, traders are advised to wait for another trading opportunity.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?C05Z
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?CZ
----------------------------------------------------
DECEMBER SOYBEAN OIL (BO5Z)
December Bean oil had been in a fourteen-week trading range between 21.80 lows and 24.07 highs.
Bean oil has four unfilled price gaps below the current market price. The most recent unfilled gap below the current market price is between 23.80 and 23.98.
Bean oil has two unfilled price gaps above the current market price. The most recent unfilled gap above the current market price is between 27.90 and 28.15. The second unfilled price gap is between 30.00 and 30.50.
Last week Soybean oil had a weekly recommendation: buy when trades 24.03 - sell when trades 23.17.
Bean oil has the appearance of a runaway bull market. 
WHAT WERE TRADERS ADVISED TO DO LAST WEEK?
On 6/15/05, Bean oil posted a weekly buy signal at 24.03, traders were advised to establish a long position, placing stops at the downside gap of 23.80.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Traders who established a long position in Bean Oil at the weekly buy signal of 24.03 or higher are advised to move their stops below 24.03.
If Bean Oil posts a higher high than last week’s high of 25.80, traders are advised to either add to their existing long position or establish a long position, placing all stops below 25.02.
If Bean Oil posts a close above 26.82, traders are advised to either add to their existing long position or establish a long position, placing all stops below 25.80.
Our first objective will be to fill the gap between 27.90 and 28.15.

If Bean Oil posts a weekly close above 28.15, traders are advised to either add to their existing long position or establish a long position, placing all stops below 26.82.
Our second objective will be to fill the gap between 30.00 and 30.50.
On the flipside….
If Bean oil fills its downside gap between 23.80 and 23.98, traders are advised to wait for another trading opportunity.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?B005Z
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?BO
----------------------------------------------------
SEPTEMBER SILVER (SI5U)
This Week we need to begin developing a trading module for September Silver because of a pending weekly recommendation for next week and May’s intra-monthly buy signal for September Silver, which was posted at 744.00 on 5/31/05.
I am writing on September Silver because July Silver’s first notice day is quickly approaching on 6/30/05.
Currently, Silver has been in a three-month price congestion between 685.00 lows and 767.00 highs.
There are no unfilled price gaps below the current market price.
There is one unfilled price gap above the current market price between 1080.00 and 1100.00
For next week, Silver has a weekly recommendation: buy when trades 750.00 - sell when trades 726.50.
Last month's high was 752.50.
Last month's low was 685.00.
WHAT DO THE CHARTS LOOK LIKE?
The Silver chart appears to be coiling for a major breakout.
The daily chart has congested for 3-months and is poised for a 70-cent price move.
The long-term weekly chart has developed a 14-month ‘pennant formation’ that began from lows of 551.00 lows to 831.00 highs.
A ‘pennant’ generally represents a brief pause in a dynamic market move. Pennants are one of the most reliable of continuation patterns.
Pennants must always be preceded by a sharp and almost straight-line move that has gotten ahead of itself, needing time to congest and breathe before running off in the same direction. 
A bullish pennant resembles a small symmetrical triangle whereupon the pattern is completed on the penetration of either trendline.
Let’s review the long-term weekly Silver chart’s timeline.
On 4/04/03, Silver began a dramatic price move that began from lows of 435.00 and advanced in twelve-months to highs of 831.00 (4/02/04).
This would be our upward pole.
From highs of 831.00, Silver traded to lows of 551.00 (5/14/04), reversed, trading up to highs of 819.00 (12/03/04), reversing again to lows of 635.00 (1/07/05) and recently posted highs of 763.00 vs. July contract.
This has developed our pennant.
The upper pennants downward trendline has posted highs of 831.00, 819.00 and if the trendline were touched today would be at 809.00.
The lower pennants upward trendline has posted lows of 551.00, 635.00, and 677.00 and if the trendline were touched today would be at 6.90.
Quite a range….
Technically, until Silver posts a weekly close below 690.00 or above 809.00, the pennant continues to develop.
Once Silver breaks out, what might be our potential projections?
Let’s do the math.
The top of the pennant was at 831.00 and the bottom of the pennant was at 551.00.
831.00 - 551.00 = 280 or $2.80
Upside breakout of 809.00 + $2.80 = 1089.00
OR
Downside breakout of 690.00 - $2.80 = 410.00
So how do we deal with this $1.19 risk dilemma before Silver breaks out?
We need a trading plan that is geared to the aggressive and conservative trader.
Let’s review the facts:
1) Silver is developing a pennant
2) Until Silver posts weekly close below 690.00 or above 809.00, the pennant is still forming.
3) Silver posted an intra-monthly buy signal at 744.00.
4) The mid-point of the pennant is at 749.50.
 
5) Silver has developed a weekly recommendation for next week.
WHAT SHOULD TRADERS DO NEXT WEEK?
If Silver posts a weekly buy signal at 750.00, aggressive traders are advised to establish a long position, placing a resting stop and reverse order at 726.50.
Conservative traders are advised to purchase December 825 calls, risking 70% of purchase price.
Our first objective will be a challenge of this month’s high of 767.00.
If Silver posts a weekly close above 767.00, aggressive traders are advised to either add to their existing long position or establish a long position, placing stops below 750.00 for this position only.
Conservative traders are advised to purchase December 825 calls, risking 70% of purchase price.
Our next objective will be a challenge of December highs of 775.00.
If Silver posts multiple closes above 775.00, traders are advised to either add to their existing long position or establish a long position, placing all stops below 767.00.
Our next objective will be a challenge of the pennant break out at 809.00.
If Silver posts multiple closes above 809.00, traders are advised to either add to their existing long position or establish a long position, placing all stops below 775.00.
Conservative traders are advised to purchase December 850 calls, risking 70% of purchase price.
Our next objective will be a challenge of contract highs for September Silver of 826.50.
If Silver were to post a close above 826.50, traders should prepare for an all out race upward to fill the previously mentioned gap between 1080.00 and 1100.00.
On the flipside…
If Silver posts a weekly sell signal at 726.00, aggressive traders are advised to establish a short position, placing a resting stop and reverse order at 750.00.
Conservative traders are advised to purchase December 675 puts, risking 70% of purchase price.
Our first objective will be a challenge of this month’s low of 720.00.
If Silver posts a weekly close below 720.00, aggressive traders are advised to either add to their existing short position or establish a short position, placing stops for this position above 726.50.
Our next objective will be a challenge of recent lows of 709.00.
Conservative traders are advised to purchase December 675 puts, risking 70% of purchase price.
If Silver were to post multiple closes below 700.00, traders are advised to prepare for an all out assault on May’s lows of 685.00 and the pennant downside break out.
If Silver were to post a monthly close at or below 685.00, this would constitute a trend reversal.
Why a trend reversal?
On 6/02/05, Silver posted a higher monthly high at 767.00, which was higher than May’s high of 752.50.
If Silver were to close at or below May’s low of 685.00 on the close of business June 30th, this would constitute a change in trend or a ‘major bear trap‘.
If this were to occur, traders are advised to either add to their existing short position or establish a short position, placing all stops above 700.00.
If Silver were to post a close below 685.00, traders should prepare for an all out race down to recent lows of 655.00.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?SI05U
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?SI
----------------------------------------------------
SEPTEMBER ORANGE JUICE (OJ5U)
This Week we need to begin developing a trading module for September Orange Juice because of a pending weekly recommendation for next week and a ‘bull flag formation‘.
The last several trading modules I developed for Juice was in my August 22, 2004, September 12, 2004 and September 12, 2004 newsletters when November Juice posted an ‘intra-monthly’ buy signal and trend reversal at 72.80. I wrote ‘the daily and monthly charts suggested a ‘trend reversal’ bottom has been posted at the 59.50 level.’  I also wrote that Juice must maintain a foothold above the 72.80 level, which was the ‘intra-monthly’ buy signal posted on 8/20/04.”  Our first objective was 87.00. Our second objective was 91.00. The trade was exited in October of 2004.
Again in January of 2005, a Trading module was prepared and has since concluded.
WHAT DO THE CHARTS LOOK LIKE?
September Orange Juice has been in a three-month trading range between 91.40 lows and 103.50 highs.
There are several unfilled price gaps below the current market price. The most recent gap is between 93.10 and 93.35.
There are three unfilled price gaps above the current market price. The most recent gap is between 100.70 and 101.90.
On 6/09/05, Juice posted an ‘intra-weekly’ buy signal at 97.05.
For next week, Juice has a weekly recommendation: buy when trades 98.05 - sell when trades 94.65.
Last month's high was 97.30.
Last month's low was 91.40.
The daily and long-term weekly charts have each developed what appears to be a ‘bull flag formation’.
Flags are treated the same as a pennant, which generally represents a brief pause in a dynamic market move. Flags - like pennants - are one of the most reliable of continuation patterns.
Flags also must be preceded by a sharp and almost straight-line move that has gotten ahead of itself, needing time to congest before running off in the same direction. 
A ‘bull flag’ as with the pennant formation must have a pole.
On 1/10/05, Juice posted a sharp nine-week rally that began from lows of 82.10 to highs of 103.50.
This is the pole.
The rule of thumb is that a ‘bull flag’ drapes downward against the trend.
Recently, Juice prices have drifted lower establishing downward parallel trendlines.
The top downward sloping trendline began from highs of 103.50 through 98.75 highs and if touched today would be at 98.40.
The parallel lower downward sloping trendline began from lows of 95.25 through 92.70 lows and 91.40. If this lower trendline were touched today, it would be at 89.15.  
Once September Juice breaks out, what might be our potential projections?
Let’s do the math.
The top of the flag was at 103.50 and the bottom of the flag was 91.40.
103.50 - 91.40 = 12.1
Upside breakout of 98.40 + 12.1= 110.50
OR
Downside flag failure of 89.15 - 12.1 = 77.05
Let’s review the facts:
1) Juice is developing a flag.
2) Until Juice posts weekly closes below 89.15 or above 98.40, the flag is still forming.
3) Juice posted an intra-weekly buy signal at 97.05.
4) The mid-point of the flag is at 97.45.
 
5) Juice has developed a weekly recommendation for next week.
WHAT SHOULD TRADERS DO NEXT WEEK?
If Juice posts a weekly buy signal at 98.05, traders are advised to establish a long position, placing a resting stop and reverse order at 94.65.
Conservative traders are advised to purchase November 100 calls, risking 70% of purchase price.
Our first objective will be a challenge of recent highs of 99.30.
If Juice posts a weekly close above 100.00, traders are advised to either add to their existing long position or establish a long position, placing stops below 98.05 for this position only.
Conservative traders are advised to purchase November 100 calls, risking 70% of purchase price.
Our second objective will be to fill the gap between 100.70 and 101.90.
If Juice posts a monthly close above 101.90, traders are advised to either add to their existing long position or establish a long position, placing all stops below 98.05.
If juice posts a close above 102.40, traders should prepare for an assault on contract highs of 103.50.
If Juice posts multiple closes above 103.50, traders are advised to either add to their existing long position or establish a long position, placing all stops below 101.90.
Our next objective will be a challenge of 2002 highs of 106.00.
On the flipside…
If Juice posts a weekly sell signal at 94.65, traders are advised not to establish a short position but should place a resting buy stop order at 98.05 to establish a long position.
If Juice were to post a monthly close at or below 91.40, this would constitute a trend reversal and a possible flag failure.
Why a trend reversal?
On 6/09/05, Juice posted a higher monthly high at 98.75, which was higher than May’s high of 97.30.
If Juice were to close at or below May’s low of 91.40 on the close of business June 30th, this would constitute a change in trend.
If this were to occur, traders are advised to wait for another trading opportunity.
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?OJ05U
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?OJ 

CHART WATCH by Scott R. Joss (Non member C.T.A)*

Readers and clients call during the week and ask: What are you watching?

Watching can mean that the markets are developing a 'recommendation' or a chart pattern that has not yet fully developed - or may never develop.

During the course of the week or month it is not uncommon to find an `intra-day, intra-week or intra-month' recommendation that was previously not revealed when this newsletter was written.

Products that currently fit into this 'watch' category are listed below and should be 'watched.'

SEPTEMBER LUMBER (LB5U)
September Lumber is being added to our chart watch this week because of a potential monthly recommendation that is developing for July.
If Lumber can maintain a foothold above 324.20 and below 363.00, a monthly recommendation will have developed for our use in July.
If this should occur, traders will be advised on the close of business June 30th via email. 
DAILY CHART:
http://bohl.minot.com/d_Chart.cgi?LB05U
------------
WEEKLY CHART:
http://bohl.minot.com/w_Chart.cgi?LB

CURRENT 'MONTHLY' RECOMMENDATIONS
FOR JUNE:

- DOW JONES (DJ5U)
- SUGAR (SB5N)
- COFFEE (KC5N)

FUTURE WATCH

Future watch will list developing 'monthly' recommendations to watch in June for July. By listing these products, traders can `feed-forward' with anticipation and focus - centering on products that will provide direction and hopefully, opportunity.
Traders should begin studying the 'daily', 'weekly' and 'monthly' charts for the products listed below. Don't forget between now and the end of the month, some or all of these products may be de-listed.
'Monthly' recommendations will be revealed on the close of business June 30th and sent via email for July.
 
- SEPTEMBER WHEAT (W5U)
- SEPTEMBER LUMBER (LB5U)

NOTE:

If you do not completely understand this information, you are advised to take NO action until speaking with your Account Executive.

ClearTrade, Inc. may be reached at 800-493-4444

====================================

* Recommendations and Newsletter prepared by Scott Joss, Non- Member C.T.A.

Scott Joss is a 'non member' CTA and is providing recommendations to ClearTrade, Inc. clients. Scott Joss 'is a principal' of ClearTrade, Inc. and 'is a registered IB member' with the NFA.

====================================

ClearTrade, Inc.
5415 N. Sheridan Rd.
Suite 2104
Chicago, IL 60640

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* COMING EVENTS AND DATA RELEASES:

Calendar provided by Briefing.com, Inc. Data is provided for informational purposes only, and is not intended for trading purposes. Neither ClearTrade, Inc. nor any of its data or content providers (such as Reuters, CSI, and Briefing.com) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Market recommendations are strictly the opinion of the writer and are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve substantial risk. In no event should the content of a market letter be construed as a promise that you will profit or that losses can or will be limited in any manner whatsoever.

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Past results are no indication of future performance. Information provided in this newsletter is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
Scott Joss is a 'non member' CTA and is providing recommendations to ClearTrade, Inc. clients. Scott Joss 'is a principal' of ClearTrade, Inc. and 'is a registered IB member' with the NFA.

NOTE: Past results are no indication of future performance. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

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The contents of this newsletter are copyright 1997-2005, Scott R. Joss/ClearTrade, Inc. *TM. All Rights Reserved.

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