Aussie and Loonies are Higher, Crude May Spike Up to 78

Top Day Rec

06.19.09

No eco news today. Overnight, equities are higher on carryover from the interpretation of the jobless data yesterday.

The commodity currencies (Loonie (CAD) and Aussie(AUD)) are better this morning with crude at 72.60. (Long term target remains 78.40). British is better on the idea that the velocity of decline has slowed. Also, there is a better tone to British real estate. Yen is lower on better risk appetite. Crude is supported by the continuing problems in Nigeria and disruptions in production of its preferable sweet crude.

Jun 15	08:30	NY Empire Manufacturing Index	Jun	NA	-5.10	-4.55
Jun 15	09:00	Net Long-Term TIC Flows	Apr	NA	$52.9B	$55.8B
Jun 16	08:30	Housing Starts	May	NA	483K	458K
Jun 16	08:30	Building Permits	May	NA	500K	498K
Jun 16	08:30	PPI	May	NA	0.6%	0.3%
Jun 16	08:30	Core PPI	May	NA	0.1%	0.1%
Jun 16	09:15	Capacity Utilization	May	NA	68.4%	69.1%
Jun 16	09:15	Industrial Production	May	NA	-0.8%	-0.5%
Jun 17	08:30	Core CPI	May	NA	0.1%	0.3%
Jun 17	08:30	CPI	May	NA	-0.9%	-0.7%
Jun 17	08:30	Current Account Balance	Q1	NA	-$85.0B	-$132.8B
Jun 17	10:30	Crude Inventories	06/12	NA	NA	-4.38M
Jun 18	08:30	Initial Claims	06/13	NA	610K	601K
Jun 18	10:00	Leading Indicators	May	NA	0.9%	1.0%
Jun 18	10:00	Philadelphia Fed	Jun	NA	-17.0	-22.6

Current views, speculations and suggestions

(good till close of business today)

Sept Yen: pos with support at 102.75.

Sept Swiss: pos with support at 92.25

Sept EC: pos with support at 138.40.

Sept Canadian: neg with res at 89.50

Sept BP: pos with support at 163.30

Sept ES: neg with res at 916.50 and 926.00

Sept NQ: neg with res at 1471

Sept Mini Dow: neg with res at 8550 and 8600

Aug Gold: positive with support at 929.

July Silver: positive with support at 14.11.

Aug crude: pos with support at 71.60

Nov Soybeans: pos with support at 10.35

Sept Wheat: neg with res at 5.97

Sept Ten Year: pos with support at 113.15

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International Markets

Sept Bund: pos with support at 118.60

Sept Dax: neg with res at 4882

NKD: neg with res at 9990

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N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%. Repeat: use Stops. Don’t think about using Stops. Use Stops.

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Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment. Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

Charles Kespert

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ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.