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Phone:1-888-456-2855 www.capitalcommodity.com info@capitalcommodity.com CCI Futures Forecast for June 25, 2012 By Head Trader Dan Faretta
This is a Free sample of the CCI Futures Forecast, click here to continue to receive this for free each week, otherwise this will be your last issue. Natural Gas The past two weeks natural gas has had two very positive technical events. First the market sold off and tested the lows from back in mid April. As soon as this market reached the lows the buyers again showed up with a vengeance. Secondly, after the large up day a consolidation ensued. Today was the breakout to the upside of the consolidation. This market still needs to see a close above 2.88 to confirm the uptrend but it is looking very positive at this point. Also, the tropical depression that is in the Gulf of Mexico is adding some fuel to the fire as well. Traders with a long bias can look to get long on a close above 2.88 or on a pullback to 2.57. Past performance is not necessarily indicative of future results. Chart courtesy of Gecko Software. Soybeans Soybeans have been the grain to be long this year. From the very beginning soybeans have been on a tear mainly from worries over the South American crop. Now all the grains are on a run to the upside. Currently it is a weather market for the grains and at times it can be very volatile. The last WASDE report did not look overly bullish for the beans but there has not been much of a pullback since the report. Taking a look at the weekly chart of beans, it shows a nice pullback and now a push towards the highs from earlier this year. If beans can close above 1510 look for a test of the old highs of 1662. That might seem a little farfetched but it is the next resistance above 1510.
Past performance is not necessarily indicative of future results. Chart courtesy of Gecko Software. Don't miss another issue of the CCI Futures Forecast - click here to continue to receive it for free each week! Silver The silver market has been fairly lackluster the past few weeks. It has been in a consolidation phase since May. Thursday of last week silver had a large push to the downside and now it is looking like it wants to test the lows of December and September of last year. If silver does go and test the old lows it is offering bullish traders with a low risk entry point with either futures or options. Futures traders look to buy close to 26.50 and risk to just below 26.00. Option traders can start to establish bullish positions now and risk them to a close for the futures below 26.00. If support is going to hold it is going to happen right around here.
Past performance is not necessarily indicative of future results. Chart courtesy of Gecko Software. This may be your last issue - click here continue to receive the CCI Futures Forecast free each week. ***Be advised that trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. It is important to note that options and futures markets are separate and distinct and do not necessarily respond in the same way to similar market conditions. Options prices do not move in lockstep with changes in the underlying futures market price. Strategies using combinations of positions such as spreads and straddles are no less risky than taking straight long or short futures or options positions. Past performance is not necessarily indicative of future results.
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