Tuesday’s Futures Setups
July copper
(
HGN2 |
Quote |
Chart |
News |
PowerRating) is rallying from a
pullback from the highs. Copper is on the
TradingMarkets.com Momentum 5 List.
Possible Turtle Soup Plus One Sell Setup
Contract |
Setup |
Direction |
Trigger |
| July cocoa ( CCN2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Sell Setup |
Down |
break below 1550 |
| Sept 10-yr note
|
Possible Turtle Soup Plus One Sell Setup |
Down | break below 105.00 |
| July cotton ( CTN2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Sell Setup |
Down | break below 36 |
| July silver ( SIN2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Sell Setup |
Down | break below 4.90 |
Possible Turtle Soup Plus One
Buy Setup
Contract |
Setup |
Direction |
Trigger |
| June dollar ( DXM2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Buy Setup |
UP | break above 113.60 |
| July lean hogs ( LHN | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Buy Setup |
UP | break above 50 |
| June Nasdaq 100 ( NDM2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Buy Setup |
UP |
break above 1200 |
| June S&P 500 ( SPM2 | Quote | Chart | News | PowerRating)] |
Possible Turtle Soup Plus One Buy Setup |
UP |
break above 1040 |
| June Dow Jones Indus ( DJM2 | Quote | Chart | News | PowerRating) |
Possible Turtle Soup Plus One Buy Setup |
UP |
break above 9810 |
Pullback From The High
Contract |
Setup |
Direction |
Trigger |
| July wheat ( WN2 | Quote | Chart | News | PowerRating) |
Pullback from the high | UP | 2.82 |
| July silver ( SIN2 | Quote | Chart | News | PowerRating) |
Pullback from the high |
UP |
5.04 |
August gold ( GCQ2 | Quote | Chart | News | PowerRating) |
Pullback from the high |
UP |
325.00 |
July frozen orange juice ( JON2 | Quote | Chart | News | PowerRating) |
Pullback from the high |
UP | break above 91 |
Please note that
while there are strong trends in some commodities, one bar or a series of bars
forming a setup can sometimes indicate a contra move for the next day. This
contra move may not be long-lasting — maybe only for a day or two. Trading
with the main trend is always the highest probability trade.
Use stops on all your
trades.