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"TOM'S TECHNICAL TRENDS - AG: WED 7/8: ALL TRADE DISCUSSIONS REFER TO OUR BREAKOUT SYSTEM WITH BUY, SELL AND POSITION INFORMATION ON THIS SERVICE."

"GRAINS: Wheat (Sept) is starting to move up, but we are still out. Corn (Sept) is choppy but moving up. We are long. Oats (Sept) is slowly falling and we are out. Bean Oil (Dec) is slightly bullish but choppy. We remain out. Soybeans (Nov) is trending up, but pulled back slightly today. We are long. Soy Meal (Dec) is trending up, but pulled back today and yesterday. We are long."

"OTHER AG (SOFTS): Lean Hogs (Aug) is still in a downtrend and we remain out. Coffee (Sept) is trying to turn up, but is very choppy. We are long. Feeder Cattle (Aug) is trying to breakout out but has pulled back for two days. We are long. Live Cattle (Aug) is looking more bullish but has been soft for two days. We are long. Cotton (Dec) is in a solid uptrend and we are long. Cocoa (SEpt) continues to fall and we are out. Winter Wheat (Sept) looks like it is breaking out to the upside. We are still out. Orange Juice (Sept) is looking a bit more bullish, but we are still out. Sugar (Oct) is chopping around current levels. We remain out."


DISCLAIMER: You must be aware of the risks and be willing to accept them in order to invest in one or more commodity trades. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to buy or sell futures and options. Although every attempt has been made to assure accuracy, Tom Loffman, Cliff Harris, Randy Mann and persons relating to the operation of Harris-Mann Climatology, assume no responsibilities for errors, omissions or any financial gains or losses associated with any trading suggestions or advice.

TOM LOFFMAN'S DAILY COMMODITY AND STOCK COMMENTS

(THURSDAY, JULY 9, 2020)

Tom's Daily Stock/Commodity Focus: "Focus On - Strongest and weakest futures: Wed 7/8: Based on my best momentum formula here are the strongest trends in futures (trade from the long side): RB (Gasoline), QU (Mini Gasoline), QM (Mini Crude), NQ (Nasdaq), HG (Copper), CT (Cotton). Here are the weakest trends in futures (trade from the short side): CC (Cocoa), VX (Volatility), KC (Coffee), LH (Lean Hogs), KW (Winter Wheat), W (Wheat), DX (Dollar)."

Tom's Profit Target Commodity Comments: "Profit Target F9 Futures: Wed 7/8: 12 of 20 Profit Target futures are in uptrends. Bullish trends: most grains, metals, interest rate futures, energy, dollar. Bearish trends: most stocks, most other ag (softs), most currencies."

Tom's Breakout Futures Comments: "Breakout F9 Futures: Wed 7/8: 21 of 46 Breakout positions are long, the VX is short, and 11 are profitable (50%). Most profitable: GC (Gold) +$5,290. Least profitable: FC (Feeder Cattle) -$1,013. Net P/L of all Breakout positions: +$13,636."

Tom's Top Systems Stocks Comments: "Top System F9 Stocks: Wed 7/8: All averages were positive today. 6 of 20 Top System positions are long and all are profitable. Best: SQ +27.7%, AMZN +14.3%, MSFT +13.2%, NFLX +7.6%. Average P/L of all 20 Top System positions: +3.8%."