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Futures trading involves substantial risk of loss and may not be suitable for all investors.

  • Phillip Streible

Breakfast Report - Cocoa Sugar Coffee OJ

Softs Technical Report


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


Cocoa (May)

Technicals: Cocoa has mild resistance at 2397 which is the 200 DMA

The Trend trading system triggered a short on Feb 28th at 2671 and has a stop close only at 2413*

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 2407***, 2685****

Pivot: 2413**** area where shorts move to the sidelines

Support: 2200***, 1800****

200 DMA: 2685


Sugar (May)

Technicals: The Trend Trading system established a short on March 2nd at 13.81 and the buy stop is at 13.10

Bias:Bearish/Neutral

Previous Session Bias:Bearish/Neutral

Resistance: 11.34***, 12,00****

Pivot: 13.10 *** Area where shorts move to the sidelines

Support: 10.68***, 9.89****

*Watch 10.68 this was the critical low that held back in September 2019

200 DMA: 13.76


Coffee (May)

Technicals: Trend traders have been taken to the sidelines. They are working a buy trigger and sell trigger with the sell trigger on a break below 90.98 and a buy trigger at 120.46. It looks like this buy trigger will get hit but it will leave you with a substantial amount of risk if you use the sell trigger down at 90.98.

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 126.05***128.50****

Pivot:109.79

Support: 101.84***, 99.55****

200 DMA: 109.77


Orange Juice (May)

Technicals: Trend Traders are back on the long side with the long at 97.18 and the sell trigger at 92.62

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 107.50***, 110.00****

Pivot:99.19 (also the 200 DMA)

Support: 97.15***, 92.15****


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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