Fast Break: The Week Ahead

Week of July 7, 2008

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HOT
5 Hot Picks by Lee Gaus of EFG Group
Lee GausLee Gaus has thirty years of experience in the commodities industry. In 1992, Lee established EFG Group along with his two partners who are long-time friends. Since then, Lee has traveled the U.S. conducting seminars and trading meetings for retail traders and commodity offices.

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HOT
August Gold
If one has the stomach and wallet for the volatility one might consider getting long August Gold. More aggressive traders may wish to consider the $912.00 area while more risk adverse traders might want to consider getting long at the $902.00 level.
HOT
October Sugar
Looks as if Sugar may have taken a little rest and may be trying to rejoin the game. I will give serious thought to getting long October Sugar around the 1320 area.
HOT
September Canadian Dollar
If we see a bounce in the Canadian Dollar one might want to take a look at selling it around the 9855 level.
HOT
August Soybeans/November Soybeans
For those that have graduated to spread trading you may want to take a gander at the buying the August/selling the November Beans spread at around 16 cents premium to the buy side August.
HOT
December Coffee
You may wish to consider buying Dec Coffee @ 148.50, but make sure you are aware of the risks that comes with trading Coffee.

John Roach's Daily Grain Plan

HOT
5 Hot Picks by Sterling Smith of FuturesOne
Sterling Smith is developer and publisher of the FuturesOne Power Index, and a 15-year market veteran. Registered as a CTA he is a noted Coffee, Sugar and Cocoa analyst. Sterling works with clients of all sizes to help improve their trading.

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HOT
Stock Market 
The June swoon of the stock market is probably getting a little overdone at these levels, and I am looking for the market to do a little better over the next couple of weeks, while I do not think we are out of the woods yet, we are getting rather oversold.
HOT
Cocoa
While I like the long-term bullishness here, this market is way ahead of its self, and further downside action here should not come as a surprise.
HOT
Copper
Also seems to be a head of itself and the 4.00 level provides a high level resistance. I would look for prices to retreat here.
HOT
Euro Currency 
The US dollar is rather oversold I am looking for some moderate improvement there and the Euro Currency to pullback some.
HOT
Eurodollars 
Rates have come down way too fast, in part due to the troubles in the stock market, so I am looking for rates to climb a touch and these contracts to pullback.
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Disclaimer: The Commodity Futures Trading Commission has asked us to also advise you that trading futures is not without risk. While there is opportunity for incredible wealth building, there is also the risk of losing even more than you invested. Of course, that's not unlike most other businesses. But informed traders are the best traders! Opinions expressed by Fast Break authors are not those of FutureSource.