After the ECB policy statement last week, the Euro brought in about 80% of our profit objective on a fast move higher. Thank you Draghi! This week the Euro is still bullish although too high to get another risk/reward scenario that makes sense.

Of note: Copper looks like it could be on a new major trend higher. Backed by housing and other fundamental demands, the rally could last for a while. This is a very big earning season and the Indices have steadily worked their way to new highs. Cautious longs have taken the wins.

Coffee is the trade of the week and technically I like it. The risk/reward is roughly 4 reward to 1 risk: $1,687.50 to $412.50. With that kind of potential….Who want’s their morning coffee?

Biggest Movers:

Copper (HG) – UP 8 – Bullish

On top of supply disruptions and political levying in producing nations, reports that China plans to ban copper imports has launched the market to highs not seen since May 2015. With a VDO of $3,887.50, Copper takes the top spot on an unusual week.

Live Cattle (LE) – UP 7 – Neutral

Cattle futures tumble on Monday, in response to Friday’s bearish report. Cattle-on-Feed report showed the largest June placements in 11 years and the inventory data showed continued herd expansion. A neutral bias, but a VDO of $2,660.00 – we may see a continued move downward.

VDO Futures Power Rankings


[   ] – Associated Trade Rec (call your broker for more info)

[   ] – Market was UP

[   ] – Market was DOWN

VDO – Last Week’s Price Volatility in Dollar Terms (Volatility Dollar Opportunity)

Bias – Directional Trend

Rank – Based on the VDO

Volatility – Last Week’s Price Volatility

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