|
The Tech Guru Commodity Report |
 |
|
|
|
|
REVIEW
OF BULLETINS: 5/13/04 - 7/14/04
----- Original Message -----
From: Tech
Guru
Sent: Thursday, May 13, 2004 12:14 PM
Subject: Bulletin - For Coffee
Bulletin - For Coffee
The technical support that has
developed over the past three weeks can prove to be a major
formation for higher prices to materialize.
It is recommended to buy the
July Coffee, at the market, which is trading at 71.80 at
this time. (Use a protective sell stop at 68.00 until
further notice).
NOTE: A
sell-off near 70.00 will be considered another buying area
for additional positions to be added. The main obj. is
for prices to reach near the 96.00 area.
----- Original Message -----
From: Tech
Guru
Sent: Friday, May 14, 2004 11:55 AM
Subject: Bulletin - For Live Cattle
Bulletin - For Live
Cattle -
The sell-off seen in the June
Live Cattle from last weeks high at 87.550 brought prices
down to a major support level found on the weekly chart
and can be considered a buying opportunity.
It is recommended to buy the
June Live Cattle at the market, which is trading at 82.275
at this time. The obj. is for prices to trade up
near the 88.300 weekly gap and possibly higher. (Use
a protective sell stop at 79.400 until further notice).
NOTE: Additional contracts can be
added, for a cost average, if a sell-off can reach
near 80.500 - 80.100 area.
----- Original Message -----
From: Tech
Guru
Sent: Tuesday, May 25, 2004 12:07 PM
Subject: Follow-Up Bulletin - For Coffee
Follow-Up Bulletin -
For Coffee
The July Coffee reached a
high of 78.00 today, which is near the major resistance
of 78.20 on the weekly chart, and can stimulate some
selling pressure.
It is recommended for
traders to exit the long positions at the market, which
is trading at 77.50 at this time, and take profits on
the long positions entered at 71.80 and 70.00 from last
week. Wait for the next signal.
----- Original Message -----
From: Tech
Guru
Sent: Friday, May 28, 2004 11:13 AM
Subject: Follow-Up Bulletin - For Live Cattle
Follow-Up
Bulletin - For Live Cattle
The rally in the June
Live Cattle brought prices up to hit the major
weekly down channel resistance at 87.500 and can
prove to stimulate some selling retracements.
A trade above the 88.300 gap can possibly bring
prices higher.
It is recommended for
traders to exit long positions taken at the 82.275
area and 80.500 area from the previous bulletin.
Sell all long positions at the market, which is
trading at 87.100 at this time and wait for the
next signal.
----- Original Message -----
From: Tech
Guru
Sent: Thursday, June 03, 2004 8:21 AM
Subject: Follow-Up Bulletin - For Cocoa
Follow-Up Bulletin - For
Cocoa
The whiplashing action seen over
the last three weeks puts the chart
formation for the July Cocoa in
neutral condition for prices to move in either
direction.
It is recommended for traders to
exit all short positions in July Cocoa and buy
at the market, which is trading at 1345 at this
time, to take profits and wait for the next
signal.
----- Original Message -----
From: Tech
Guru
Sent: Friday, June 04, 2004 11:11 AM
Subject: Bulletin - For Live Cattle
Bulletin - For Live
Cattle
The June Live Cattle, which
still reflects the weekly chart, traded above
the 90.000 level yesterday putting the chart
into bullish territory. Traders should
use the August contract for long positions at
this time.
It is recommended for traders
to buy the Aug. Live Cattle at the market,
which is trading at 90.100 at this time.
(Use a protective sell stop at 89.300 until
further notice). The main obj. is for
prices to reach up near the 101.800 area and
possibly near 103.000. NOTE:
This is considered a low risk trade
considering the close stop that is being used.
----- Original Message -----
From: Tech
Guru
Sent: Sunday, June 06, 2004 8:23 PM
Subject: Bulletin - For Orange
Juice
Bulletin - For Orange
Juice
The July contract of O.J.,
which still reflects the weekly chart,
closed above the first major resistance
found on the weekly chart, leaving the chart
in bullish territory for the first time after
a 19 month sell-off bringing prices to a 27
year low. The supportive chart
formation that developed over the past three
weeks can also be an indication for possible
retracements of higher prices.
It is recommended for traders
to attempt long positions with the
July contract of O.J. and buy at market on
open in Monday's session. Additional
long positions can be added on dips near
56.00 and on a breakout using a buy stop at
57.80. (Use a protective sell stop at
53.50 until further notice). NOTE:
The first obj. is for prices to
reach up near 63.00 but the main obj. is for
prices to eventually reach the 78.55 gap
found on the weekly chart left from 9/12/03.
----- Original Message -----
From: Tech
Guru
Sent: Sunday, June 27, 2004 7:07
PM
Subject: Follow-Up Bulletin - For
Orange Juice
Follow-Up Bulletin
- For Orange Juice
First notice for the July
Orange Juice is Thursday July 1, 2004.
Traders holding long positions in the July
Orange Juice must roll-over into the
September contract. This roll-over
procedure is when traders will be selling
the July contract and buying the September
contract simultaneously and should be done
on Monday or Tuesday, but no later than
Wednesday.
----- Original Message -----
From: Tech
Guru
Sent: Wednesday, July 14, 2004
10:54 AM
Subject: Follow-Up Bulletin -
For Orange Juice
Follow-Up
Bulletin - For Orange Juice
The rally up to 6900 is a
resistance area on the weekly chart and
along with the over-bought conditions,
it is possible for some retracements to
develop to the downside.
It is recommended to exit
all long positions in O.J. and sell
Sept. O.J. at the market, which is
trading at 6830 at this time and wait
for the next signal.
NOTE:
Support and resistance levels can be
obtained on all commodities, whether or
not a bulletin was issued, by using The
Tech Guru's phone service. Traders
can call Roger at (540) 843-GURU any time
for information on commodities of their
interest.
|
|
Home | Bulletin Service | S & P Report | Comments | Order Form | Archived S & P Reports | Feedback
The Tech Guru, Inc. 52-56 West Main Street Luray, VA 22835 540-843-GURU (FAX) 540-743-4056
Send mail to webmaster@thetechguru.com
with questions or comments about this web site.
|
