• Phillip Streible

Blue Line - Breakfast Report

“Actionable Trading Ideas that help you stay ahead of the markets"

Cocoa (September)

Technicals: The trend following system is flat

Buy Trigger: 2392

Sell Trigger: Entry 2105

Settle: 2179

OTE Unrealized Profit/Loss: $0.00

Previous Trades:

  1. Short closed out June 25 $1210 loss

  2. Long closed out May 21 $1230 loss

  3. Short closed out on April 6 $4080 gain

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 2397 **** 2480

Support: 2100-2090***, 2050****

ADX: 23.94

(ADX 14-day =Measures the strength of the current trend)

ATR = Average true range = 62

Initial Margin $2090 Maintenance Margin $1900

First Notice Date (Aug 18) Last Trade Date (Sept 15)

Technical Spotlight


Coffee (September)

Technicals: The trend following system is flat

Buy Trigger: 104.35

Sell Trigger: 91.43

Settle: 103.20

OTE Unrealized Profit/Loss: $0.00

Previous Trades:

  1. Short Entry Price 104.20 (May 27) closed out June 29 $1537.50 gain (OTE High equity $3318.75 June 16)

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 105.00-105.50 (Pocket resistance)***,109.00-110.00****

Support: 94.55-94.00*** , 92.20 (Oct 19' Low)****

ADX: 22.07

(ADX 14-day = Measures the strength of the current trend)

ATR = Average true range = 3.05

If you are going to play this market, it is somewhat choppy, and (for example) the Average True Range has been as high as 3.32. This means that on an average day the market should move 3.32 X $375 = $1245

Initial Margin $4455 Maintenance Margin $4050

First Notice Date (Aug 21) Last Trade Date (Sept 18)

Technical Spotlight


Orange Juice (September)

Technicals: The trend following system is Long

Buy Trigger: Long June 26 at 126.30

Sell Trigger: 120.20

Settle: 124.55

Profit/Loss: $-262.50

Previous Trades:

  1. $2587.50 gain closed out June 12 (high position equity $3570.00 May 28th)

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 130.00-132.00 (June High) ****

Support: 118.15-118.00*** (Swing low), ****114.41

ADX: 17.50

(ADX 14-day = Measures the strength of the current trend)

ATR = Average true range = 3.14

Initial Margin $1386 Maintenance Margin $1260

First Notice Date (Sept 1) Last Trade Date (Sept 10)

Technical Spotlight


Sugar (October)

Technicals: The trend following system is Long

Buy Trigger: Entry Price 10.90 (May 18)

Sell Trigger: 11.37

Settle: 12.24

OTE Unrealized Profit/Loss: $1500.80 gain

Last trade: Short closed out on 5/1 for $3852.80 gain

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: ***12.39-12.45 (200 EXPMA) **** 12.90-13.00

Support: ****11.71-11.65 (Old resistance - new support) 11.31*** (Sell Stop)

(EXPMA = Exponential Moving Average)

ADX: 21.72

(ADX 14-day = Measures the strength of the current trend)

ATR = Average true range = 0.31

Initial Margin $1047 Maintenance Margin $952

First Notice Date (Oct 1) Last Trade Date (Sept 30)

Technical Spotlight


Cotton (Dec)

Technicals: The trend following system is Long

Buy Trigger: Entry Price 58.68 (April 29)

Sell Trigger: 60.16

Settle: 62.95

OTE Unrealized Profit/Loss:$2135.00 (High equity June 29 $2135.00 gain)

Previous Trades:

  1. Long from April 30 at 57.33 closed out $1920.00 gain closed out June 19th

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 63.75 (200 EXPMA)***

Support: 57.75*** (Upward Sloping trendline) *** 58.06 (sell trigger)

(EXPMA = Exponential Moving Average)

ADX: 23.42

(ADX 14-day = Measures the strength of the current trend)

ATR = Average true range =1.12

Initial Margin $2915 Maintenance Margin $2650

First Notice Date (June 24) Last Trade Date (July 9)

Technical Spotlight


Lumber (Sept) *Quick note

Technicals: The trend following system is Long

Buy Trigger: Entry Price 376.70 (June 17)

Sell Trigger: 395.12

Settle: 438.30

OTE Unrealized Profit/Loss: $6776.00 (High open equity $6776.00 gain June 26)

Technical Spotlight


Good luck and good trading, Phillip Streible Chief Market Strategist 312-858-7303 Phil@Bluelinefutures.com

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If you have any questions about markets, trading, or opening an account please let us know! You can email us at info@BlueLineFutures.com or call 312-278-0500 BlueLineFutures.com

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

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