The Tech Guru Commodity Report 

   commodities traded worldwide
   

USING THE REPORT

(Refer to the sample page of a report below)

CONTENTS: - The report will analyze up to 36 commodity markets.

1.      (A) All trades are to be entered in the day session only.  The day and night sessions are to be used to complete the trade. 

(B)   SUPPORT is considered a buy area & RESISTANCE a sell area, unless otherwise specified

2.      Traders can adjust the price obj. and exit as near to the obj. listed.  Always look to lock-in the established profits. 

        Note – It is not recommended to repeat the same trade twice from the same report.  Stops for new positions are to be used in the day session only.

         *  When stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed.

         *  The first support area becomes resistance after the market trades through the second support listed and in reverse the resistance becomes support.

3.      All trades are to be entered on a (TRADE and CLOSE) basis.  This means - Only hold the trade if it looks like it will close that day near the area of entry or in favor of the direction.  If the market reverses and looks like it will close substantially against the trade, from the entry point, then exit the trade in the same day.

NOTE:  All trades will exit at the end of each report unless the obj. price or stops are reached first or otherwise specified.

An additional trading tool - It was recognized through study that 98% of the time you exit out of a trade, at the end of each week, it could be re-entered at a better price in the following week.

A Bi-weekly result page will be issued with hypothetical profits and losses for all the trade recommendations.

IN THE REPORT:

Beneath each commodity symbol listed in the column on the left – you will find:

  1. Friday's settling price. (Bulletins are sent occasionally in mid-week to notify subscribers of new buy and sell signals)
  2. The market’s technical condition will also be listed in the column using words such as:

    Bullish; Bearish; Neutral; Range Bound, etc. to help identify the market’s direction.

  3. (A) A single star [*] will indicate a key reversal. A double star [**] be will indicated for a technical breakout – (up or down). A breakout and a key reversal at the same time will be indicated with a triple star [* * *]. Note: The stars indicated do not signal the best trades but can better help traders to identify a possible change of trend in the market.

    (B) A commodity listed in neutral territory means the market can swing to both sides before it proves a true direction.

    Range bound -also means the potential swings in both directions but usually inside a flag formation.

    Defensive - is used when the market has the potential to change the direction, even if it’s only on a temporary basis.
  4. On occasion The Guru’s pick of the week trades will be identified with a [X] in the left column.

Sample Page of a Report

THE TECH GURU
COMMODITY REPORT

DATE 10-29-01 to 11-09-01 Page 1 of 19

For subscriptions to the Tech Guru Report - FAX to 1-540 / 743-4056 (E-mail) - techguru@shentel.net or call 1-540 / 843-GURU

Market Description (a/c/e, access, & GBX signifies night session trades)

Euro $

Weekly close

97.8500 Dec.

97.7750 March

97.4900 June 

 

Major resistance approaching that could stimulate selling.

 

Long positions are too risky at this time.

Resistance – 97.9000 to 97.9300 day channel / 97.9100 weekly channel (major) / 98.0200 to 98.1000 day channel / 98.1800 and 98.2500 weekly channels (very major).                      All prices reflect the Dec.  contract.

Support – 97.7600 to 97.800 day channel / 97.5500 weekly and monthly close (major) / 97.5100 bottom / 97.1500 and 97.0000 weekly channels (very major).

Comments – The first major resistance is 97.9100 on the weekly chart, which reflects the Dec. contract.  A trade above 97.9400 can bring prices up near the major channel at 98.0200 from the daily chart.  A trade above 98.1100 this week can bring prices up near the weekly channels at 98.2000 and 98.2500 that should hold back rallies for a while and maybe turn out to be the top for the entire move.  Overall, the market’s prices are too high and too risky for long positions.  Prices can turn down at any time.  Remain defensive, it is possible for a major top to take over 4-weeks to develop. 

     Aggressive traders can sell rallies near 97.9000 – 97.9100 area for obj. near 97.7700.  (Use a protective buy stop at 97.9650.  Do not rev. long).    

     Aggressive traders can consider short positions near 98.1500 – 98.2500 area for obj. near 97.9000.  (Use a protective buy stop at 98.3800.  Do not rev. long). 

     Sell stop at 97.7000 for obj. near 97.5500.

     Sell stop at 97.5000 for obj. near 97.1500 and possibly near 97.0500 – 97.0000 area. 

T-Bonds

Weekly close

107.22 Dec.

 

 

 

Momentum up but major resistance approaching that could stimulate selling.

 

Follow signals.

Resistance – 107-28 to 108-00 daily channel / 108-02 weekly channel / 108-14 to 108-24 daily channel / 109-00 to 109-10 daily channel / 109-22 weekly channel / 110-00 next weeks channel.   All prices reflect the Dec. contract.

Support – 107-16 channel / 107-04 channel / 107-00 bottom / 106-28 to 106-10 day channel / 106-16 weekly channel (major) / 106-12 channel to 106-07 gap / 105-24 bottom and weekly channel (very major) / 105-14 channel / 105-06 bottom / 104-28 to 104-16 channel.

Comments – The market settled up for the week putting the chart in bullish territory but the major resistance at 107-31 and 108-02, found on the weekly chart, could put a lid on rallies and possibly turn out to be the major top for lower prices to follow.  A trade above 108-04 is bullish and considered a breakout for higher prices.  A trade below 106-16 will put the chart in bearish territory but a trade below 105-23 can possibly be the first signal to start a new downtrend.  Remain defensive.  The momentum is still up and could possibly take prices as high as the 110-00 area.

     Very aggressive traders can sell rallies near 107-28 to 107-31 and if possible near 108-02 for obj. near 107-16.  (Use a buy stop and rev. long at 108-05).  If the 107-16 is reached first, then cancel the sell at 107-28 to 107-31 and move the sell up to 108-02. 

     Buy stop at 108-05 for obj. near 108-15 and possibly near 108-20.

     Buy stop at 108-25, for this week only, for obj. near 109-02 and possibly near 109-10 by Friday.

     Buy stop at 109-12 for this week or next, for obj. near 109-20 and for next week near 109-30 to 110-00. 

     Sell stop at 107-12, for Mon. and Tues. only, for obj. near 107-04.

     Sell stop at 106-30 for obj. near 106-20 and possibly near 106-16.

     Sell stop at 106-04, from Wed. on, for obj. near 105-24 this week and 105-29 next week.

     Sell stop at 105-22 for obj. near 105-14 this week or 105-17 next week.

     Sell stop at 105-07 for obj. near 104-28 and possibly near 104-24 to 104-20 area.

     NOTE:  If the market closes this Friday below 107-00 it will put the chart slightly in bearish territory for next week.  A close below 106-08 on Friday is totally bearish for next week.

* Trading commodities involves risk and may not be suitable for everyone’s investment dollars. Information contained in this communication is believed to be from reliable sources, however, no guarantee is made regarding its adequacy or accuracy. Past performance is not necessarily indicative of future results.

NOTE - WE WILL PROSECUTE ANYONE FOUND REPRODUCING AND DISTRIBUTING THE CONTENTS OF THIS REPORT IN PART OR FULL WITHOUT WRITTEN APPROVAL.

 NOTE - REFER TO FULL DISCLAIMER ON LAST PAGE OF EACH REPORT BEFORE CONTINUING. 

Contact Information

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