Wednesday’s Futures Setups

  • June 11, 2002
  • TradingMarkets Editors

Both the June Swiss franc
(
SFM2 |
Quote |
Chart |
News |
PowerRating) and
the June euro
(
ECM2 |
Quote |
Chart |
News |
PowerRating) are trending toward newer highs. Keep an
eye on both of these currencies, because they could end up being possible

Turtle Soup Plus One Sell Setups. Both of these currencies are on the

TradingMarkets.com Momentum 5 List.

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


(
TYU2 |
Quote |
Chart |
News |
PowerRating)

 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

July bean oil
(
BON2 |
Quote |
Chart |
News |
PowerRating)		 Pullback
from the high		 UP
break above 18.30

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.