ClearTrade: Futures Trading, Futures Brokers, Online Futures Trading

The Joss Report May 12, 2019

JULY CORN FUTURES (CN9)

The proposed trade risk for July Corn next week:

The sell side $1,662.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes below 342.50***:

Traders are advised to sell, placing stops above 375.25*.

# 2) Multiple closes below 340.25***:

Traders are advised to sell, placing stops above 368.25*.

# 3) Multiple closes below 337.00***:

Traders are advised to sell, placing stops above 355.50*.

# 4) Multiple closes below 335.50***:

Traders are advised to sell, placing stops above 351.50*.

# 5) Multiple closes below 333.75***:

Traders are advised to sell, placing stops above 345.50*.

Our objective is 332.00**.

# 6) Multiple closes above 399.50***:

Traders are advised to sit on the sidelines.

Our objective is 325.00**.

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JULY SOYBEAN FUTURES (SN9)

The proposed trade risk for the July Soybeans next week:

The sell side $5,412.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes below 789.00***:

Traders are advised to sell, placing stops above 896.75*.

# 2) Multiple closes below 776.25***:

Traders are advised to sell, placing stops above 873.00*.

# 3) Multiple closes below 759.75***:

Traders are advised to sell, placing stops above 851.25*.

# 4) Multiple closes below 713.50***:

Traders are advised to sell, placing stops above 840.50*.

# 5) Multiple closes below 669.00***:

Traders are advised to sell, placing stops above 806.25*.

# 6) Multiple closes above 920.25***:

Traders are advised to sit on the sidelines.

Our objective is 657.50**.

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JULY SUGAR (SBN9)

The proposed trade risk for July Sugar next week:

The sell side $1,680.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes below 11.57***:

Traders are advised to sell, placing stops above 13.05*.

# 2) Multiple closes below 11.28***:

Traders are advised to sell, placing stops above 12.75*.

# 3) Multiple closes below 11.03***:

Traders are advised to sell, placing stops above 12.29*.

# 4) Multiple closes below 10.94***:

Traders are advised to sell, placing stops above 12.15*.

# 5) Multiple closes below 10.72***:

Traders are advised to sell, placing stops above 11.99*.

# 6) Multiple closes above 13.60***:

Traders are advised to sit on the sidelines.

Our objective is 10.28**.

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JULY COTTON (CTN9)

The proposed trade risk for July Cotton next week:

The sell side $1,545.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes below 67.80***:

Traders are advised to sell, placing stops above 78.84*.

# 2) Multiple closes below 67.40***:

Traders are advised to sell, placing stops above 75.37*.

# 3) Multiple closes below 66.84***:

Traders are advised to sell, placing stops above 72.33*.

# 4) Multiple closes below 66.64***:

Traders are advised to sell, placing stops above 69.64*.

# 5) Multiple closes below 66.15***:

Traders are advised to sell, placing stops above 68.35*.

# 6) Multiple closes above 79.57***:

Traders are advised to sit on the sidelines.

Our objective is 65.79**.

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JUNE 30-YEAR BOND (USM9)

WHAT ARE TRADERS ADVISED TO DO?

# 1) If the June 30-Year Bond does not post 145-30 or 150-22 by the close of business Friday May 30th:

Traders will be advised of trade recommendation in the Sunday, June 2nd newsletter.

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* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).

*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position and are advised to use resting stop orders.)

*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).

Commodity/Futures and options trading involve substantial risk. See risk disclaimer.

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