• Phillip Streible

Blue Line - Breakfast Report

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

Cocoa (December) Technicals: The trend following system is Long Buy Trigger: Entry 2279 July 27 Sell Trigger: 2412* Settle: 2454 OTE Unrealized Profit/Loss: $1750 Previous Trades:

  1. Short closed out July 24 $1120 Loss

  2. Short closed out June 25 $1210 loss

  3. Long closed out May 21 $1230 loss

  4. Short closed out on April 6 $4080 gain

Bias: Bullish/Neutral Previous Session Bias: Bullish/Neutral Resistance:2535-2550 *** 2618*** Support:2250*** 2100-2090**** ADX: 46.53 (ADX 14-day =Measures the strength of the current trend) ATR = Average true range =62 18 DMA: 2407> 40DMA 2349 = *Bullish Trend Initial Margin $2090 Maintenance Margin $1900 First Notice Date (Nov 16) Last Trade Date (Dec 15) Technical Spotlight


Coffee (December)

Technicals: The trend following system is Long

Buy Trigger: 111.00 (July 22)

Sell Trigger: 108.32

Settle: 116.45

OTE Unrealized Profit/Loss:$2043.75 (New high equity August 1 $3975.00)

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: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: , 120-120.50***, 125.00***

Support: 110.00**,103.44**,95.50-94.00****

ADX: 32.91

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

ATR = Average true range = 4.02

18 DMA: 114.95 > 40DMA 111.51 = Bullish Trend

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 (Nov 19) Last Trade Date (Dec 18)

Technical Spotlight


Orange Juice (September)

Technicals: The trend following system is Short

Buy Trigger: 122.24

Sell Trigger: 120.00 July 28

Settle: 121.38

Profit/Loss:$52.50 (High Equity August 11 $1125.00)

Previous Trades:

  1. $-615.00 loss closed out July 17 (High open equity was a gain $487.50 July 13)

  2. $2587.50 gain closed out June 12 (high position equity $3570.00 May 28th)

Bias: Bearish/Neutral

Previous Session Bias: Bearish/ Neutral

Resistance:126.00-128.00**, 130.00-132.00 (June High) **** (Short-term double top)

Support: 110.00-109.50*** (Swing low), ***105.00

ADX: 26.48

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

ATR = Average true range = 3.84

18 DMA: 119.05 < 40DMA 121.09 = Bearish Trend

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 * strengthening trend

Buy Trigger: 12.12 July 27

Sell Trigger: 12.05

Settle: 13.10

OTE Unrealized Profit/Loss:$1097.60

Previous Trades:

  1. May 18 Buy closed out on July 13th gain $784.00 ($1433.60 gain High equity July 8

  2. Short closed out on 5/1 for $3852.80 gain

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 12.90-13.01**, 15.00***

Support:11.39*** (Washout low) **** 11.00-10.90

(EXPMA = Exponential Moving Average)

ADX: 33.23

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

ATR = Average true range = 0.33

18 DMA: 12.61 > 40DMA 12.24 = Bullish Trend

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: 63.18 July 30

Sell Trigger: 60.52

Settle: 62.85

OTE Unrealized Profit/Loss:$-165.00

Previous Trades:

  1. Long from July 24 at 58.68 closed out $1620.00 gain closed out July 24 th

  2. 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: *** 65.50-66.00, ****67.50

Support :57.75***

(EXPMA = Exponential Moving Average)

ADX: 21.84

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

ATR = Average true range =1.23

18 DMA: 62.87 > 40DMA 62.09 = Bullish Trend

Initial Margin $2915 Maintenance Margin $2650

First Notice Date (Nov 23) Last Trade Date (Dec 8)

Technical Spotlight


Lumber (Sept) *Quick note

Technicals: The trend following system is Long

Buy Trigger: Entry Price 376.70 (June 17)

Sell Trigger: 658.42 ***Tighten up Stops!

Settle: 726.50

OTE Unrealized Profit/Loss: $38,480.00 (High open equity $38,480.00 gain August 15)

Technical Spotlight


Good luck and good trading,

Phillip Streible Chief Market Strategist 312-858-7303 Phil@Bluelinefutures.com Follow us on Twitter:@BlueLineFutures Follow us on Facebook: Blue Line Futures Facebook page Subscribe to our YouTube channel: Blue Line Futures YouTube channel

If you have any questions about markets, trading, or opening an account please let us know!

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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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