 | | 5 Hot Picks by John Crane of Traders Network |
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John Crane has over 20 years of experience in the commodities industry. He is the author of "The Reversal Day Phenomenon" and "Advanced Swing Trading, Strategies to Predict, Identify, and Trade Future Market Swings". Also, articles on his trading concepts have been published in Consensus, Barron's, Technical Analysis of Stocks and Commodities as well as The Wall Street Journal, Investor's Daily, and Traders World. |
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Coffee reached the initial target price last week, but a new bullish Reaction swing has formed and set up another buying opportunity. This new swing pattern is known as a TC pattern and typically appears in the center on a longer-term trend. The reverse/forward count projects the next Reversal date to be due on June 19, with a target zone of 123.00 to 124.00. |
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Although, Wheat experienced a slight pullback on Thursday and Friday, the Reaction cycle is still bullish and continues to project higher prices into the next Reversal date, due on June 15. Both the short-term and long-term cycles converge at this time and project target price of $5.75. This would suggest a bullish report on Monday and strong price advances into June 15. |
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September Canadian Dollar |
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A bullish TC pattern has formed in the Canadian dollar and identified a trigger price at 9510. A trade through the trigger price would confirm the TC pattern and portend a new upward swing into the next Reversal date due on June 18. |
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The Yen is forming a bullish TR pattern as well as showing some bullish divergence. The market is currently trading inside the buy zone, but, because of the big drop on Friday, still needs a trade above .8385 to confirm the buy signal. |
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Thursday and Friday's frantic sell-off was enough to push the market down to the long-term Reaction line target. Now, I will look toward the next two Reversal dates slated for June 11 and June 13. When two Reversal dates occur this close together it will usually mark a major turning point. This would suggest the downside collapse in the Bond market is over and the Bonds are ready for a corrective rally. |
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| | 5 Hot Picks by Jason Rabahieh of TradeCenter |
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 Jason Rabahieh is a valuable member of our brokerage team providing services in trading global commodity futures, options and foreign exchange. Specializing in spread strategies, hedging, and trading system management, Jason is a member of the National Futures Association and is registered with the Commodity Futures Trading Commission. Mr. Rabahieh has been a registered account executive in the futures industry since 1997. |
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Buy August gold 670 call options for 70 points ($750.00) with an objective of 200 ($2000.00) risk the premium to 35 points ($350). A recent sell off in gold should trigger fund buying and I believe we are in store for a weaker dollar possibly back to the May 1st close of 81.43, if that occurs look for gold to rally to $700+ an oz. |
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Sell July Soybeans 850 calls for 6.5 cents ($325) look for the options to expire in 10 days. I believe these options are over valued. Risk the trade to 9 cents ($450) options expire on Friday June 22nd. |
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Buy Sep. T-Bonds 108 calls for 38 points (593) risk to 19 points (296). Objective: 200 ($2000.00). |
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September Canadian Dollar |
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Buy Sep. Canadian Dollar 92 put and sell Sep. Canadian Dollar 98 calls for a net debit of 10 points ($100) looking for a correction in the Canadian currency back to 89. Risk the spread to 40 points ($400). |
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September 10 Year Treasury Notes |
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Buy Sep. 10 year t-notes 106 calls for 20 points ($312) with an objective of 100 ($1000). Risk the trade to 10 points ($156). |
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