• Phillip Streible

Breakfast Report - Blue Line Futures

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

Closed System Trades YTD: Gain $72,731.55

Cocoa (December) - Political unrest - Supply tightening

Technicals: The trend following system is Long

Buy Trigger: 2622 (Aug 28)

Sell Trigger: 2555*

Settle: 2629

OTE Unrealized Profit/Loss:$60.00 ( High equity $710.00 September 15)

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:2550-2530**, 2400*** 2100-2090****

ADX: 28.33

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

ATR = Average true range =70

18 DMA: 2583> 40 DMA 2512 = *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 SHORT

Buy Trigger: 127.39*

Sell Trigger: 113.50* Sept 18

Settle:112.00

OTE Unrealized Profit/Loss:$562.50

Previous Trades:

  1. Long from July 22 Entry price 111.00 closed out September 14 at 123.05 for $4,518.75 gain (high equity September 4 $8625.00)

  2. 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: 116.78** (200 DMA) **, 135.45**, 142.60*** (Dec 31, 2019 High)

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

ADX: 34.76

(Measures the strength of the current trend)

ATR = Average true range =4.80

18 DMA: 121.40> 40 DMA 119.85 = 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: 119.43

Sell Trigger: 122.00 July 28

Settle: 119.43

Profit/Loss:$945.00 (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: 20.44

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

ATR = Average true range = 3.01

18 DMA: 117.35 < 40 DMA 119.00 = Bearish Trend

Initial Margin $1386 Maintenance Margin $1260

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

Technical Spotlight


Sugar (March) Technicals: The trend following system is LONG Buy Trigger: 13.38*Sept 18 Sell Trigger: 12.60 Settle: 13.13 OTE Unrealized Profit/Loss:$-280.00 Previous Trades:

  1. Short from Sept 4th at 12.61 stopped out for the loss of $683.20 at 13.22 on Sept 17th

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

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

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

Bias: Bullish/Neutral Previous Session Bias: Neutral Resistance: 13.77-13.90*** Tracking higher and may target 2020 highs Support: 12.44**(swing low), 11.39*** (Washout low) **** 11.00-10.90 (EXPMA = Exponential Moving Average) ADX: 35.00 (ADX 14-day = Measures the strength of the current trend) ATR = Average true range = 0.29 18 DMA: 13.03 > 40 DMA 12.99 =Bullish Trend Initial Margin $1047 Maintenance Margin $952 First Notice Date (Mar 1) Last Trade Date (Feb 26) Technical Spotlight

Cotton (Dec) - Declining Dollar, adverse weather causing a rally

Technicals: The trend following system is Long

Buy Trigger: 63.18 July 30

Sell Trigger: 64.32*

Settle: 65.24

OTE Unrealized Profit/Loss:$1030.00 (High equity $1720.00 Sept 16)

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: ***67.50, 70.00****

Support :63.01**, 57.75***

(EXPMA = Exponential Moving Average)

ADX: 22.30

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

ATR = Average true range =1.18

18 DMA: 65.25 > 40 DMA 64.36 = 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: 716.68

Sell Trigger:641.50 (Sept 4)

Settle: 549.60

OTE Unrealized Profit/Loss:$10,109.00 (high open equity $10,109.00 Sept 21)

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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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

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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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