Week of June 26, 2009

Building Wealth Through Commodity Futures Trading

CHARTSMITH Weekly Market Update

Welcome to the "paper trading" market update for the week of June 26th, 2009.

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Exciting market opportunities in the works this week. Hope you are all doing well and enjoying trading! Let's get started and take a look at what has been happening...

Cotton
December Cotton strengthened this week with a closing on Friday at 56.84 cents per pound--keep watching for a paper trading entry setup to the longside.

To view the daily chart go to: http://futures.tradingcharts.com/chart/CT/C9

Eurodollar
The Eurodollar closed out the week at 99.325 basis points--Keep watching for a short side entry to develop.

For more information on this market development see, EURODOLLARS—the Perfect Storm?.

To view the chart go to: http://futures.tradingcharts.com/chart/GE/99

Lumber

The September 09 futures contract traded through our protective stop this week taking us out of the market at 224.80 per 1000BdFt. We kept a trailing stop on this trade positioned just under recent support levels. Because lumber has low open interest and volume of trade tends to be low as well, its "personality" can be a bit volatile at times--this week evidenced this.

Closed profit: + $2,167.00 per contract.

Note: If you have given this trade more room than we have here and you're still in the trade then Friday's price recovery was good to see, however, continue to move your stop up to secure open profits along the way and keep in mind the overall temperament of this market.

To view the chart go to: http://futures.tradingcharts.com/chart/LU/99

Natural Gas
Natural Gas closed out the week at $4.105 mmBtu in the August delivery month (front month based on Open Interest) on the GLOBEX. We're getting nearer to an entry point as the indicators come into allignment--keep watching!

To view the chart go to: http://futures.tradingcharts.com/chart/NG_/89

Orange Juice
Orange Juice fell out of the bear flag this week closing lower at 76.40 cents/lb. Support levels remain at deeper wholesale levels around 75.95 and 72.70. Keep watching...

To view the chart go to: http://futures.tradingcharts.com/chart/OJ/99

“Invest in the commodities you use every day”

ChartSmith monitors commodity futures markets in the Low (wholesale) Zone for the Buy Low—Sell High profit opportunity and the High (retail) Zone for the Sell High—Buy Low profit opportunity. Complete details for these and other exciting low risk, high profit trade setups are included in the book, ChartSmith--Forging Your Financial Future.

Here's a special treat we would like to share with you this week; another awesome Commodity Trader Recipe from Shawna!

The commodity markets in the U.S. are some of the few examples of pure capitalism in the free world. What better time to recognize and celebrate this fact than the 4th of July. Enjoy this fun and easy American Flag Cake recipe and God Bless America!!!

2 pkg. yellow or white cake mix.
Prepare per box directions, bake in large rectangular pan.
2 containers Cool Whip non-dairy topping (or 1 large container)
1 basket fresh blueberries
1 large basket fresh strawberries (washed & sliced)

After cake is cooled completely (preferrably in a refridgerator) top with non-dairy topping and arrange blueberries and strawberries in the shape of an American Flag (blueberries for the star square and sliced strawberries for the red stripes. The Cool Whip is the white stripes).

Chill and serve. Enjoy!

For more deliciously scrumptious treats click on Commodity Recipes!

Quote of the Week

The greatest use of life is to spend it for something that will outlast it. ~William James

Thanks for joining us for this week's paper trading market update. As always, we appreciate hearing your thoughts and ideas, and your trading successes and learnings. Please feel free to email us anytime at scott@mychartsmith.com.

Enjoy the weekend!

Scott and the ChartSmith Team

ChartSmith-Forging Your Financial Future

Please read our IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing in our commodity futures workshops, website, or newsletter shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed during the workshops or on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

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