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| 5 Hot Picks by Lee Gaus of EFG Group |
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Lee 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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| 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. |
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| 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. |
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| September Canadian Dollar |
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| If we see a bounce in the Canadian Dollar one might want to take a look at selling it around the 9855 level. |
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| August Soybeans/November Soybeans |
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| 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. |
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| You may wish to consider buying Dec Coffee @ 148.50, but make sure you are aware of the risks that comes with trading Coffee. | |
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| 5 Hot Picks by Sterling Smith of FuturesOne | |
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| 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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| 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. |
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| 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. |
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| 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. |
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| The US dollar is rather oversold I am looking for some moderate improvement there and the Euro Currency to pullback some. |
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| 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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