• 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: 2622 (Aug 28)

Sell Trigger: 2478

Settle: 2595

OTE Unrealized Profit/Loss:$280.00 ( High equity $580.00 September 2)

Previous Trades:

  1. Long Closed out August 20 $1330 gain

  2. Short closed out July 24 $1120 Loss

  3. Short closed out June 25 $1210 loss

  4. Long closed out May 21 $1230 loss

  5. Short closed out on April 6 $4080 gain

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance:2710-2750**, 2801***,3000****

Support:2550**, 2400*** 2100-2090****

ADX: 33.26

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

ATR = Average true range =59

18 DMA: 2540> 40DMA 2455 = *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: 120.50*

Settle: 131.20

OTE Unrealized Profit/Loss:$8625.00 (New high equity September 4 $8625.00)

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: 142.60*** (Dec 31, 2019 High)

Support:114.20**, 110.00**,103.44**,95.50-94.00****

ADX: 44.25

(Measures the strength of the current trend)

ATR = Average true range =4.29

18 DMA: 125.19> 40DMA 119.36 = 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 - September Chart


Orange Juice (November)

Technicals: The trend following system is Short

Buy Trigger: 121.50

Sell Trigger: 122.00 July 28

Settle: 119.90

Profit/Loss:$315.00 (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: 36.52

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

ATR = Average true range = 3.22

18 DMA: 118.68 < 40 DMA 120.48 = Bearish Trend

Initial Margin $1386 Maintenance Margin $1260

First Notice Date (Nov 2) Last Trade Date (Nov 9)

Technical Spotlight


Sugar (October)

Technicals: The trend following system is Short

Buy Trigger: 12.76*

Sell Trigger: 12.26*

Settle: 11.93

OTE Unrealized Profit/Loss:$0.00

Previous Trades:

  1. July 27 Buy from 12.12 closed out loss of $56 on Sept 3 12.07 (High Equity was August 19 a positive $1265.50)

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

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

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 13.28-13.50*** Tracking higher and may target 2020 highs

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

(EXPMA = Exponential Moving Average)

ADX: 38.40

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

ATR = Average true range = 0.30

18 DMA: 12.54 > 40DMA 12.42 = 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: 62.96* Settle: 64.99 OTE Unrealized Profit/Loss:$905.00 (High equity $1200 August 25) Previous Trades:

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

  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: 25.24 (ADX 14-day = Measures the strength of the current trend) ATR = Average true range =1.16 18 DMA: 64.58> 40 DMA 63.60 = Bullish Trend Initial Margin $2915 Maintenance Margin $2650 First Notice Date (Nov 23) Last Trade Date (Dec 8) Technical Spotlight

Lumber (Nov) *Quick note

Technicals: The trend following system is Short

Buy Trigger: 770.79

Sell Trigger:641.50 (Sept 4)

Settle: 641.50

OTE Unrealized Profit/Loss:0.00

Previous Trades:

  1. Long from June 17 at 376.70 closed out August 31 at 928.00 for $59,268.00 gain

Technical Spotlight


Good luck and good trading,

Phillip Streible Chief Market Strategist 312-858-7303 Phil@Bluelinefutures.com

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