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 (September)

Technicals: The trend following system is flat Buy Trigger: 2479 Sell Trigger: 2271 Settle: 2372

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: ***2449 (200 EXPMA) **** 2528 (Low from March 9) Pivot: 2313*** Parabolic stop and reversal Support: 2338 (Upward sloping trend line)***, 2217 (Low from April 15)

ADX: 12.39 *very weak trending higher market (ADX 14-day =Measures the strength of the current trend) ATR = Average true range = 55 Technical Spotlight

Coffee (July)


Technicals: The trend following system is Short

Buy Trigger: 104.44

Sell Trigger: Entry Price 102.50 (May 27)

Settle: 98.90


OTE Unrealized Profit/Loss: $1350.00 ($2325 - High equity on the signal June 1)

Bias:Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 107.10 (May 26 high)***, 112.80 (200 DMA)****

Pivot: 100.66** Parabolic stop and reversal

Support:**** 94.65 (longer term support)


ADX: 36.59

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

ATR = Average true range = 3.16

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: 121.68 Settle: 125.35 Profit/Loss:$2962.50 (High position equity $3570.00 May 28th) Bias: Bullish/Neutral Previous Session Bias: Bullish/Neutral

Resistance: 135.00 (Last Blow out) **** Pivot:129.47**** Parabolic stop and reversal Support: 121.05*** (Old Resistance from swing high) ****113.43 (200 DMA)

ADX: 29.97 (ADX 14-day = Measures the strength of the current trend) ATR = Average true range = 3.31 Technical Spotlight


Sugar (July)


Technicals: The trend following system is Long

Buy Trigger: Entry Price 10.78 (May 5)

Sell Trigger: 10.70

Settle: 11.94


OTE Unrealized Profit/Loss: $1299.20

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

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral


Resistance: ***12.24 (200 DMA)

(EXPMA = Exponential Moving Average)

Pivot: 11.40**** Parabolic stop and reversal

Support: ****11.30 (Old resistance - new support) 10.05*** (Double Bottom)


ADX: 45.10

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

ATR = Average true range = 0.34

Technical Spotlight


Cotton (July)

Technicals: The trend following system is Long Buy Trigger: Entry Price 57.33 (April 30) Sell Trigger: 57.62 Settle: 60.81

OTE Unrealized Profit/Loss:$1740.00 Bias: Bullish/Neutral Previous Session Bias: Bullish/Neutral

Resistance:***62.80 (200 DMA) **** 65.97 (Old support from November/December) (EXPMA = Exponential Moving Average) Pivot: 57.98**** Parabolic stop and reversal Support: 59.07*** (Upward Sloping trendline) *** 56.56 (low May 29th)

ADX: 27.00 (ADX 14-day = Measures the strength of the current trend) ATR = Average true range =1.58 Technical Spotlight


Lumber (July)


Technicals: The trend following system was stopped out and is flat

Buy Trigger: 376.73

Sell Trigger: 345.22

Settle: 370.80


OTE Unrealized Profit/Loss:

Previous Trades:

Long Entry Price 347.00 (April 13) closed out June 3 for $110.00 gain ($2343 High open equity June 1)

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral


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

Pivot: 346.30**** Parabolic stop and reversal

Support: ***357.79 (Low April 27)**** 339.90 (Low May 14)


ADX: 27.45

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

ATR = Average true range =12.27

Technical Spotlight - This market is thin and wild at times!


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: