Commodities

[Fleursdumal]

Non ci vuol molto ad imparare , a parte un pò di domestichezza con l'inglese per leggere i report di fine giornata !
Sul caffè mi sposterei sul settembre , la settimana prossima è il last trading day del luglio ; i 61 del july corrispondono grosso modo ai 63 cents del september03

 

[Fleursdumal]

L'approfondimento della settimana
a cura del dott.Andrea Luchi - docente di Scuolatrading.it


Oggi parliamo di:
Oro, monete e governi

Il dollaro continua ad essere molto debole e questo rende forti i metalli preziosi, l'oro in particolare.
Qualcuno dice che il dollaro sempre più debole spingerà gli americani a comprare meno all’estero e più in casa propria. Il problema è che gli USA producono sempre meno cose in casa propria...l’unica cosa che producono veramente in grande quantità sono dei pezzi di carta verdastra detti dollari.
Invece 100 anni fa negli USA il denaro era l’oro o l’argento; le banconote erano denaro in quanto potevano essere convertite in oro in ogni momento. Oggi le banconote non sono convertibili in nulla ("pagabili al portatore"...magari!). Il risultato di ciò è quindi che mentre un secolo fa il "potere" apparteneva ai cittadini, oggi non è più così. Se tu avevi una quantità X in monete d’oro e il governo evaporava durante la notte (come successo in Iraq), tu comunque avevi l’oro e potevi continuare a comprare e vendere come volevi ciò che ti serviva per vivere.
Dal punto di vista della sussistenza tua e della tua famiglia potevi benissimo vivere senza governo. Oggi invece per dar valore ai soldi bisogna fare affidamento ad un governo (chiedete agli Argentini!!) cioè bisogna affidarsi ad una entità superiore che decide che i pezzi di carta che avete in tasca hanno un certo valore. Pensateci bene, se il governo scompare cosa ne è dei vostri soldi?? I vostri soldi valgono perché c’è un governo che DECIDE che valgono. Il passaggio storico da un sistema con una moneta completamente "garantita" dall’oro (e non da una firma di un banchiere centrale) ad un sistema dove la moneta è soltanto carta ha causato un parallelo passaggio ad un sistema dove il reddito da noi prodotto non è nostro in assoluto ma è proprietà dello stato che ce lo restituisce sotto forma di pezzi di carta, e il cui valore non è assoluto come l’oro ma è alla mercè della salute del governo stesso. 100 anni fa non avevi bisogno di avere qualcuno che decretasse il valore dei tuoi soldi...se avevi 1.000 monete d'oro non importava che vi fosse la monarchia, la repubblica, il direttorio della rivoluzione francese, Masaniello, Gengis Khan, gli Indiani Sioux o chi vi pare. Avevi una ricchezza riconosciuta da tutti e non frutto di un decreto.
Via via nella storia i governi hanno tentato di “appropriarsi” del controllo della ricchezza prodotta dal popolo creando dei sistemi monetari in cui il valore delle banconote perdeva il legame originario col metro di paragone che la storia dell’umanità ha dimostrato di voler assumere come il migliore: l’oro.
Il problema è che questi tentativi SONO SEMPRE FALLITI. Qualcuno dirà che ora è diverso (questa affermazione, per inciso, mi ricorda i tentativi di giustificare la "New economy" negli anni scorsi). Io penso che non sia diverso perché la psicologia umana è sempre la stessa. Voglio dire che la tentazione dei governi di stampare "troppa" moneta è irresistibile senza un meccanismo (legame con l’oro) di controllo. Basta guardare quanto valeva un dollaro cento anni fa e quanto vale ora (credo che abbia perso più del 95% del suo valore). Persino Greenspan in un saggio del 1965 scrisse che l’oro era la "coscienza" delle banche centrali. Quindi la mancanza di autocontrollo dei governi ha sempre decretato il fallimento di tutte le monete cartacee. Se, alla luce di queste considerazioni, ripensate alle parole del Governatore del Board della Fed, Bernanke, che lo sorso Novembre disse che "gli USA possono stampare quanti dollari vogliono a costo zero" capite cosa intendo dire. Come al solito i governi pensano che i problemi dell’economia si risolvano stampando moneta. La verità è che non si crea ricchezza con una stampante. Se così fosse basterebbe che ci dotassimo tutti di una stampante e avremmo risolto i problemi dell’umanità.
Il problema del sistema finanziario internazionale oggi è che esiste talmente tanta carta moneta in giro che è praticamente impossibile pensare di legarla al 100% all’oro.
Dove voglio arrivare?
Ho fatto questo lungo discorso per spiegare che quando si dice che la "mancanza di fiducia" fa salire il prezzo dell’oro ci si riferisce a questo tipo di problemi. Quando la gente pensa che il potere (delegato al governo) di governare la moneta non sia da questo utilizzato correttamente, essa tende a riprendersi questo potere acquistando oro (dal momento che esso ha un suo valore intrinseco a prescindere dal comportamento del governo).
Fantascienza dite? Ne riparliamo tra qualche anno...
Qui sta l’inghippo o meglio la straordinaria opportunità dei nostri tempi per noi che conosciamo e amiamo le commodities. Mi riferisco al fatto che la quantità d’oro in circolazione è così infinitesimale rispetto alla carta moneta in circolazione, che è sufficiente che anche solo un piccolissimo numero di risparmiatori decida di "riprendersi il potere" acquistando oro, per far sì che quest’ultimo diventi subito molto scarso. E voi sapete bene che ciò che è scarso sale velocemente di prezzo.
Ecco quindi un bel motivo per Greenspan e soci per tenere sotto controllo il prezzo dell’oro. Non si deve permettere al genio di uscire dalla bottiglia. Ma la debolezza intrinseca delle monete cartacee è talmente evidente che lentamente ma inesorabilmente l'oro continua a salire di prezzo.
Un esempio familiare alle nostre latitudini vi aiuterà a capire meglio. Noi italiani siamo legati alla casa. Quanti di noi comprano il mattone perché "vale sempre"? "non tradisce mai"? "è una sicurezza"?. Il ragionamento che si fa è esattamente uguale a quello di chi compra oro. E infatti non è affatto una cattiva idea comprarsi la casa (a patto, come tutti gli asset, di non pagarla troppo).

Andrea Luchi
www.clubcommodity.com
www.scuolatrading.it

 

[Fleursdumal]

Veduta d'insieme della giornata di ieri



Jim Wyckoff's Daily Markets Update--June 23


(Note: The following is my Daily Markets Update, which is a part of my overall analytical, educational and trading advisory service, "Jim Wyckoff on the Markets." For more details, please check out my website at http://www.jimwyckoff.com)

LIVESTOCK: August live cattle closed up $0.90 at $68.47 today. Prices closed near the session high in the wake of a bullish USDA Cattle-on-Feed report that was issued Friday afternoon after the close. Now, the bulls need to show some important follow-through strength this week. Bears still have the slight technical advantage. Next support for August futures is seen at $68.00 and then at $67.60-today's low. First resistance is seen at $68.60-today's high--and then at $69.00. Wyckoff's Market Rating: 4.5.

August feeder cattle closed up $0.67 at $85.40 today. Feeders were also boosted by the bullish USDA cattle report Friday afternoon. A three-week-old downtrend line on the daily bar chart was negated today as bulls regained some momentum. First resistance is seen at $85.50-today's high-- and then at $85.75. First support is seen at $84.90-today's low--and then at $84.75. Wyckoff's Market Rating: 6.0.

August lean hogs closed down $0.53 at $65.15 today. Prices closed near the session low and hit a fresh four-week low today, on news that a Maple Leaf packing plant in Canada locked out striking workers. Some more hogs now may come into the U.S. from Canada in the near term. Cash hogs were higher today and Friday's Cold Storage report was bullish, so losses could be limited in the near term. It looks like a V-Top reversal pattern could be forming on the daily bar chart. First support is seen at $64.75-today's low--and then at $64.00. First resistance is seen at $65.50 and then at $66.00. Wyckoff's Market Rating: 5.5.

July pork bellies closed down $1.40 at $93.52 today. Prices closed near the session low and scored a bearish "outside day" down on the daily bar chart despite a bullish USDA cold storage report last Friday. Anytime a market, at higher levels, cannot rally on bullish news, that is a warning signal of a top. First resistance is seen at $94.00 and then at $95.50-today's high. First support is seen at $93.00 and then at $92.00. Wyckoff's market Rating: 6.0.

GRAINS: December corn futures closed down 3 ? cents at $2.36 1/2 today. Prices today matched this month's low of $2.35 ?. A close below that level would do even more technical damage, and open the door to the March and April lows around $2.30, or lower. There is no crop-threatening weather on the horizon or in the longer-term forecasts, and this is keeping buyers scarce. Weekly USDA export inspections today were not bullish, either. There is currently no weather premium built into prices, and if a weather scare does develop, prices will pop quickly. First resistance is seen at $2.38 and then at $2.41. First support is seen at $2.35 and then at $2.33. Wyckoff's Market Rating: 3.5.

November soybeans closed down 4 3/4 cents at $5.63 3/4 today. Prices closed near the session low. Good growing weather in the Corn Belt and no threatening forecasts had sellers in command today. Unless there is a weather scare in the coming weeks, the market will have a very hard time moving north. A close below this month's low of $5.50 3/4 would open up some serious downside potential for new-crop beans. A close above $5.75 would give the bulls fresh upside power. First resistance is seen at $5.70 and then at $5.75. First support is seen at $5.60 and then at $5.55. Wyckoff's Market rating: 6.0.

December soybean meal closed down $1.80 at $168.80 today. The bulls still have the slight technical edge. However, December meal does look like it may have topped out in mid- June. Bulls will have to show some power soon to keep their slight edge. A close below this month's low of $165.90 would open up the door to more serious downside potential. A close above $175.00 would give the bulls some fresh upside power. First resistance comes in at $170.00-today's high--and then at $172.00. First support is seen at $167.70-today's low--and then at $165.90. Wyckoff's Market Rating: 5.5.

December bean oil closed down 2 points at 21.97 cents today. Oil is still in a 4.5-month-old uptrend on the daily chart, and oil is the strongest market in the soybean complex at present. First resistance is seen at 22.20 cents and then at 22.32 cents-the June high. First support is seen at 21.80 cents and then at 21.60 cents. Wyckoff's Market Rating: 6.5.

December Chicago SRW wheat closed down 5 cents at $3.24 1/2 today. Prices hit a fresh six-week low today, but did close up from today's low. Harvesting conditions in the wheat- growing regions of the U.S. are generally favorable, and that has prompted selling pressure. If prices close below today's low of $3.21, then the door would be opened to more solid downside potential-possibly back down to the April and May lows just below $3.00, or lower. It's going to take a close above the $3.40 level to give the bulls some renewed power. First support is seen at $3.21-today's low-- and then at $3.18. First resistance lies at $3.28 and then at $3.31. Wyckoff's Market Rating: 4.5.

December K.C. HRW wheat closed down 3 1/2 cents at $3.20 1/2 today. Prices hit and closed at a fresh six-week low today. Prices are in a steep five-week old downtrend and more downside is very possible in the near term. Bears have their eye on the May low of $3.09. First resistance is seen at $3.23-today's high--and then at $3.25. First support is seen at $3.20-today's low--and then at $3.15. Wyckoff's Market Rating: 3.5.

December oats closed down 1 1/4 cents at $1.38 1/2 today. Prices hit a fresh contract low today. A five-month-old downtrend line is in place in Dec. oats. Resistance comes in at $1.40 and then at $1.42. First support is seen at $1.37-today's contract low--and then at $1.35. Wyckoff's market rating: 2.5.

SOFTS: October sugar closed down 20 points at 6.25 cents today. Prices closed near the session low and hit a fresh five-month low today as bears are in full command. The door is still opened to more downside pressure in the near term. A four-month-old downtrend line is firmly in place on the daily bar chart. First resistance is seen at 6.35 cents and then at 6.45 cents-today's high. First support is seen at 6.21 cents-today's low--and then at 6.15 cents. Wyckoff's Market Rating: 2.5.

September coffee closed up 20 points at 58.45 cents today. Prices fell to a fresh 10-month low Friday. We've recently seen a bearish downside breakout from a congestion area on the daily bar chart. Bears are in firm control. The door is still opened to more solid downside potential. First support is seen at 57.90 cents-last week's low--and then at 57.00 cents. First resistance is seen at 59.20 cents- today's high--and then at 60.00 cents. Wyckoff's Market Rating: 1.5.

September cocoa closed unchanged at $1,553 today. Prices hit a fresh four-week high today on short covering in a bear market, but then did back off and close near the session low. Bears remain in control. A close below this month's low of $1,420 would open the door to more serious downside potential in the coming weeks. First resistance is seen at $1,602-today's high--and then at $1,650. First support is seen at $1,500 and then at $1,450. Wyckoff's Market Rating: 2.0.

December cotton closed down 73 points at 58.43 cents today. Prices scored a bearish "outside day" down on the daily bar chart today and closed near the session low. Bulls are losing power after the strong run in mid-June. Multiple closes above 60 cents would be significantly bullish for cotton. Bulls still have the technical advantage. However, there is stiff resistance at what could be a buying "exhaustion tail" at this month's high of 60.90 cents. First support is seen at 58.00 cents and then at 57.60. First resistance is seen at 59.00 cents and then at 59.60 cents-today's high. Wyckoff's Market Rating: 5.5.

September orange juice closed up 65 points at 87.85 cents today. Prices did close at a new monthly high close today. But bears still have the technical advantage. It's still going to take a close above 89.50 to give the bulls some solid upside power. Next resistance comes in at 88.00 cents and then at 89.00 cents. First support is seen at 86.70 cents-today's low--and then at 86.00 cents. Wyckoff's Market Rating: 3.0.

September lumber futures closed up $4.20 at $304.20 today. Prices again hit a fresh contract high today amid ideas of improving U.S. economic conditions. The next upside objective for the bulls is pushing prices above the $330.00 resistance level on the longer-term charts. Next support is seen at $300.00 and then at $295.00. First resistance is seen at $305.40-today's high--and then at $310.00. Wyckoff's Market Rating: 8.5.

METALS: August COMEX gold futures closed down $3.30 at $353.40 today. Prices today hit a fresh five-week low. A four-week-old downtrend line is in place on the daily bar chart. A close below $350.00 would be a bearish near term signal. Gold traders will continue to follow the direction of the U.S. dollar index. First resistance is seen at $355.00 and then at $358.00. Support is seen at $351.00- today's low--and then at $350.00. Wyckoff's Market Rating: 5.0.

July silver futures closed up at 3.0 cents at $4.558 an ounce today. Prices closed near the session high. We still may be seeing a bearish flag or pennant pattern forming on the daily bar chart. Bears have the technical advantage. Next resistance is seen at $4.60 and then at $4.64-last week's high. Next support is seen at $4.50 and then at $4.47. Wyckoff's Market Rating: 3.5.

July N.Y. copper closed down 70 points at 76.70 cents today. Prices closed near the session low. The bulls still have the technical advantage, but need to show some strength soon. First resistance is seen at 77.50 cents and then at 78.00 cents. First support is seen at 76.50 cents- today's low--and then at 76.00 cents. Wyckoff's Market Rating: 6.0.

ENERGIES: August crude oil closed down $0.31 at $29.17 today. Bulls still have the technical advantage. A close below $28.00 would put a serious dent in bullish momentum. It's going to take a close above $30.50 to give the bulls solid fresh power, however. First resistance is seen at $29.76-today's high--and then at $30.00. First support is seen at $28.50 and then at $28.10-this month's low. Wyckoff's market rating: 6.0.

August heating oil closed down 67 points at .7555 today. Not much new. Bulls and bears are on a level technical playing field. But heating oil will likely continue to see strength in the coming months due to worries about tight nat gas supplies. First support lies at .7400 and then at .7300. First resistance is seen at .7600 and then at .7700. Wyckoff's market rating: 5.0.

August unleaded gasoline closed down 101 points at $.8352 today. Bulls and bears are on a level technical playing field at present. First resistance is seen at .8525-today's high--and then at .8600. First support is seen at .8300 and then at .8140-this month's low. Wyckoff's Market rating: 5.0.

August natural gas closed $0.037 higher at $5.939 today. Not much new. Bulls have the technical and fundamental edge. It's going to take a close below $5.20 to really begin to worry the bulls. First support is seen at $5.80 and then at $5.55-this month's low. First resistance is seen at $6.17-today's high--and then at $6.25. Wyckoff's market rating: 6.5.

STOCKS, FINANCIALS, CURRENCIES: The September Euro currency closed down 29 points at 1.1521 today. Prices dropped to a fresh five-week low today as bulls are losing some steam. But it's going to take a close below 1.1300 to begin to worry the bulls on a longer-term basis. First resistance for the June Euro lies at 1.1577-today's high--and then at 1.1600. Next support is seen at 1.1475-today's low--and then at 1.1550. Wyckoff's Market rating: 6.5.

The September Japanese yen closed up 53 points at .8521 today. Prices closed near the session high. A close above this month's high of .8559 would give the bulls some solid fresh upside momentum. First resistance is seen at .8532- today's high--and then at .8559. First support is seen at .8500 and then at .8475. Wyckoff's Market Rating: 5.5.

The September Swiss franc closed up 43 points at .7563 today. Prices closed near the session high after setting a six-week low on Friday. A four-week-old downtrend line is in place on the daily bar chart. Last week's low of .7488 is important support for bulls to defend. A close below that level would be a significantly bearish clue. First resistance is seen at .7600 and then at .7650. First support is seen at .7550 and then at 7488. Wyckoff's market rating: 6.5

The September Australian dollar futures closed down 31 at .6583 today. Prices backed off on profit taking today. The market hit a contract high last week. The bulls remain strong and are poised to push prices to even higher levels in the near term. First resistance is seen at .6634-today's high-and then at .6680-the contract high. Next support is seen at .6565-today's low--and then at .6550. Wyckoff's Market Rating: 7.5.

The September Canadian dollar closed up 1 points at .7317 today. Prices have backed off from last week's contract high, on profit-taking pressure, but no technical damage has occurred. Bulls remain strong. But bulls need to keep an eye on any trend of stronger U.S. economic data, which may derail the bull run. First resistance is seen at .7350 and then at .7400. First support is seen at .7278-today's low--and then at .7250. Wyckoff's Market Rating: 7.5.

The September British pound closed up 74 points at 1.6586 today. Prices closed near the session high. Bulls are still strong. Prices are in a steep 12-week-old uptrend on the daily bar chart. First resistance is seen at 1.6600-today's high-and then at 1.6700. First support is seen at 1.6458- today's low--and then at 1.6400. Wyckoff's Market Rating: 7.5.

The September U.S. dollar index closed up 2 points at 94.47 today. Prices did poke to a fresh five-week high today. Bears are still in full command. It's going to take a close above 94.75 to give the bulls some near-term power, and they came close today. If the trend of economic reports starts to show more strength, like we've seen in recent reports, then the slide in the greenback will likely end. Next support lies at 94.00 and then at 93.50. First resistance is seen at 94.89-today's high--and then at 95.00. Wyckoff's Market Rating: 2.5.

September U.S. T-Bonds closed up 29/32 at 119 15/32 today. Prices rebounded today after the recent big sell off, and on the weakness in U.S. stocks today. If the trend of stronger U.S. economic news continues, then the top will likely be in place for bonds. But make no mistake, the bulls, while very mature, are still in control. Significant near-term weakness in bonds would be a close below the 115 even level. First resistance is seen at 120 even and then at 120 25/32. First support is seen at 118 even and then at 117 even. Wyckoff's market rating: 7.0.

September U.S. T Notes closed up 22.0 (32nds) at 118.27.5 today. If the trend of stronger economic news continues, then the top will be in place. But right now the bulls have the solid technical advantage. First resistance is seen at 119.00.0 and then at 119.16. First support is seen at 118.06.0-today's low--and then at 117.21.0-last week's low. Wyckoff's market rating: 7.0.

GENERAL STOCK MARKET COMMENT: The indexes closed lower today on more profit taking from recent strong gains. No technical damage was inflicted on any of the indexes. Watch the trend of the economic reports in the coming days and weeks. If that trend continues to be that of showing generally more U.S. economic strength, then the stock market will continue to show strength. Remember that we are in the summer months, which usually bodes for quieter stock market trading-especially during July and August.

The September Nasdaq futures closed down 17.00 points at 1,205.00 today. Prices did close up from the session low today. More profit taking was featured, but no serious technical damage has occurred. However, if prices do close below today's low of 1,191.00, then the bears will pick up some decent near term power. This month's contract high of 1,269.00 is still very strong overhead resistance for the bulls to overcome. If they can overcome that level, it will be a powerful signal that more upside is likely in the near term. First resistance is seen at 1,224.00-today's high-- and then around 1,240.00. First support is seen at 1,191.00 and then around 1,180.00. Wyckoff's market rating: 6.5.

September S&P 500 futures closed down 10.60 at 980.90 today. Prices closed near the session low. More profit taking from recent gains was featured today. Bulls still have the technical edge. A steep 3.5-month-old uptrend line is in place on the daily bar chart. First resistance is seen at 992.50-today's high--and then at 1,000.00. First support is seen at 975.50-today's low--and then around 960.00. Wyckoff's market rating: 7.0.

September Dow futures closed down 95 points at 9,058 today. Prices have backed off on profit taking after hitting a 12- month high last week. No serious technical damage has occurred and bulls still have the technical edge on a near- term basis. A steep 3.5-month-old uptrend line is still in place on the daily bar chart. First resistance in the Dow lies at 9,155-today's high--and then at 9,200. First support is seen at 9,014-today's low--and then at 8,900. Wyckoff's market rating: 7.0.

Jim Wyckoff ([email protected])

 

[eugenios]

ciao a tutti ragazzacci, io ho parlato oggi con uno che s'intende abbastanza di caffè, perchè ha trattato la merce per parecchi anni e costui mi ha detto che la cosa funziona così...
I prezzi attulmente non sono alti, ma le probabilità che ci siano gelate o cose varie, non lo sono altrettanto, quindi è difficile dire se sia il caso o meno di prendere posizioni rialziste, perchè potrebbe andar bene nel caso di intemperia, come potrebbe andar male e si potrebbe rivedere anche a 40 o persino sotto.

Quindi secondo lui sarebbe meglio evitare di comprarlo quando è più altro di 40.

Poi ovviamente sta alla nostra attitudine al rischio, vedere se ne vale la pena o meno di sperare in una gelata...
Per quanto mi riguarda sono molto indeciso...
Eventualmente ci potremmo mettere d'accordo per andare nei paesi produttori e dare fuoco ai raccolti, dopo aver comprato naturalmente

 

[Fleursdumal]

Ciao Eugenio, ti ho risposto nel topic KCH03

 

[Fleursdumal]

per quei pochi interessati al cotone oggipomeriggio liveconference sull'argomento sul sito del nybot:

A Live on the Web Presentation by the THE NEW YORK BOARD OF TRADE,
AG MARKET NETWORK,CERTIFIED FIBERMAX, and FARM PRESS PUBLICATIONS

A distinguished Panel of cotton experts will discuss today's cotton market
including:

Crop conditions, domestic demand, exports and farm policy.




Panelist will include:

Dr. Carl Anderson, PhD, Texas A&M University
Dr. O. A. Cleveland, PhD, Professor Emeritus, Miss. State University
Billy Dunavant, Chairman & CEO Dunavant Enterprises, Inc.
Patrick McClatchy, Executive Director, Ag Market Network
Jarral Neeper, Asst. VP Callpool Operations & Economics, Calcot
___________________________________________________________________________

Date: Friday, July 18, 2003

Time: 8:30 AM Eastern 7:30 AM Central

Place: The New York Board of Trade Web Site www.nybot.com
<http://nybot.com/>



(15 minutes prior to meeting a banner will be posted on website.
Click on "Ag Market Network" to hear the live simulcast.)

 

[Fleursdumal]

Argento da tener d'occhio, potrebbe esserci un risveglio interessante dopo tanto letargo

 

[Fleursdumal]

OPEC: PETROLIO SCENDE A 27,47 DOLLARI LA SCORSA SETTIMANA

(ANSA) - VIENNA, 28 LUG - Il petrolio Opec la scorsa
settimana e' costato in media 27,47 dollari per barile (159
litri), rispetto ai 27,93 dollari della settimana precedente,
secondo quanto ha reso noto il Segretariato dell' Opec oggi a
Vienna.
In giugno il prezzo del petrolio era di 26,74 dollari a
barile, contro i 24,36 del 2002. L'obiettivo dichiarato
dell'Opec e' di mantenere i prezzi all'interno della fascia di
22-28 dollari per barile.
I ministri del petrolio dei paesi Opec si incontreranno
giovedi' prossimo a Vienna, per discutere dei prezzi e delle
quote di produzione, anche se cambiamenti delle attuali quote
non sono attesi.
Si discutera', inoltre, di un possibile rientro dell'Iraq nel
sistema delle quote Opec. Il paese, la cui produzione supera
attualmente il milione di barili al giorno, si trova al di fuori
di tale sistema dalla fine della guerra con il Kuwait, a causa
dell'embargo delle Nazioni Unite.
(ANSA).

 

[Fleursdumal]

Una segnalazione riguardo una situazione che si sta sviluppando sui Lean Hog (carne di maiale) trattati al CME (orario 16:10-20 ; tick minimo 0,025 cents del valore di 10$ ; margine all'incirca 800€ )



Special ALERT

July 29, 2003





Dear Clients and Prospective Clients,



Here is a trade idea for your consideration.



Lean Hogs August



The lean hog market is currently making a 1-2-3 low at around 58.05. This is also a strong support area that was seen last April. Further, the market has completed a two legged move down, which often is a sign of a bottom. The stochastics recently hit a low of 6%, a much oversold condition.







Also, in years when we have seen a stochastic of less than 10% in July, the market has rallied as much as 7.00 points in the first two weeks of August.



The 50% retracement of the early June high to the mid-July low is a price target of 63.12. If hit this would give us a gross in-the-money gain of $1,200.



We are willing to buy the August lean hog 60 call options at .60 points. The current market is 58.05. Our goal is to exit when August hogs hit 62.50.



Good luck and best wishes.



Peter Kordell

Slipka Trading Group, Inc.



Remember, past performance is not indicative of future results.



Commodity futures and options investing is speculative and involves substantial risk of loss. Only risk capital should be invested. Commodity futures and options trading is not for everyone.

 

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