• Phillip Streible

Breakfast Report - Softs and Fibers Technical Report

Cocoa Sugar Coffee OJ Cotton Lumber

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


Cocoa (July)


Technicals: The trend following system is flat

Buy Trigger: 2514

Sell Trigger: 2284

Settle: 2429

OTE Unrealized Profit/Loss: $0.00


Previous Trades:

Long closed out May 21 $1230 loss

Short closed out on April 6 $4080 gain

Bias: Neutral

Previous Session Bias: Neutral


Resistance: ***2494 (200 EXPMA) **** 2519 (Low from March 9)

(EXPMA = Exponential Moving Average)

Pivot: 2456**** Parabolic stop and reversal

Support: 2318 (Low from May 22)***, 2215 (Low from April 15)


ADX: 10.15

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

ATR = Average true range = 63


Technical Spotlight

Coffee (July)


Technicals: The trend following system is Short

Buy Trigger: 108.93

Sell Trigger: Entry Price 102.50 (May 27)

Settle: 99.10

OTE Unrealized Profit/Loss: $1275.00


Bias:Bearish/Neutral

Previous Session Bias: Neutral

Resistance: 113.44 (200 EXPMA)***, 122.60 (April 9 high)****

(EXPMA = Exponential Moving Average)

Pivot: 109.64*** Parabolic stop and reversal

Support:**** 95.00 (longer term support)


ADX: 35.46

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

ATR = Average true range = 3.33

If your 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 the average day the market should move 3.32 X $375 = $1245


Technical Spotlight

Orange Juice (July)


Technicals: The trend following system is Long

Buy Trigger: Entry Price 105.60 (March 20)

Sell Trigger: 120.62

Settle: 127.80

OTE Unrealized Profit/Loss:$3330.00 (High position equity $3570.00 May 28th)


Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 135.00 (Last Blow out) ****

(EXPMA = Exponential Moving Average)

Pivot:126.69 **** Parabolic stop and reversal

Support: 121.05*** (Old Resistance from swing high) ****112.17 (200 DMA)


ADX: 45.16

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

ATR = Average true range = 3.19


Technical Spotlight

Sugar (July)


Technicals: The trend following system is Long

Buy Trigger: Entry Price 10.78 (May 5)

Sell Trigger: 9.93

Settle: 10.80

OTE Unrealized Profit/Loss: $22.40


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

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral


Resistance:11.50***(High from March 25th), ****12.30 (200 DMA)

(EXPMA = Exponential Moving Average)

Pivot: 10.47**** Parabolic stop and reversal

Support: 10.05*** (Double Bottom) ****9.21 (long term support)


ADX: 29.72

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

ATR = Average true range = 0.37


Technical Spotlight

Cotton (July)


Technicals: The trend following system is Long

Buy Trigger: Entry Price 57.33 (April 30)

Sell Trigger: 54.85

Settle: 57.57


OTE Unrealized Profit/Loss:$120.00

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral


Resistance:59.85***(High from May 20), ****63.54 (200 DMA)

(EXPMA = Exponential Moving Average)

Pivot: 57.16**** Parabolic stop and reversal

Support: 53.21*** (Low May 6) ****43.15 (low April 1)


ADX: 25.51

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

ATR = Average true range =1.57


Technical Spotlight

Lumber (July)


Technicals: The trend following system is Long

Buy Trigger: Entry Price 347.00 (April 13)

Sell Trigger: 350.82

Settle: 368.30


OTE Unrealized Profit/Loss: $2343

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral


Resistance:376.00***(High from May 21), ****400.00 (Psychological resistance)

Pivot: 354.60**** Parabolic stop and reversal

Support: 339.90*** (Low May 14) ****304.50 (Low April 27)


ADX: 30.69

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

ATR = Average true range =14.42


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! 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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