Your morning cup of coffee
This past week, July 2010 coffee opened at 16045 and closed the week at 16700. I find it insane when I hear people say "you do not need fundamentals." These people do not have a clue. Look where coffee was trading before June 10. This was before the Brazilian government announced that it will buy coffee to absorb supplies and support prices. Of course you can see for yourself what happened on June 11 on the charts below. Another fundamental that you will want to look at is the Commitment of Traders report. The Commercial positions in the COT are important as these are the "big money" hedgers and will be the ones to support an uptrend in the market. Just look at the weekly chart below to see for yourself how effective this group is in managing price. This past week the Commercials came in net short 38,441 contracts. Looking at the disaggregated report we find this number coming from the True Commercials (producers, processors, merchants, and users) at net short 73,604 contracts and the swap dealers (the five biggest, JP Morgan Chase, BofA, GS, Citi, and Wells Fargo) net long 35,163 contracts. If you did not catch this train email me, and I will send you a free sample of the CRB TrendTrader. See why on the daily chart below. Also, I will be giving a live webinar tomorrow June 29 at 3 p.m. central time for the people at the Grain Professional newsletter titled "Mind of the Markets". I will be covering grains and meats. You will also see first hand why I am expecting Soybeans to pull away form the rest of the grains, heading up. Click here to register for the free webinar.

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Are You Setting Yourself Up For Disaster? See for Yourself Risk-Free for 30-days!
Turning a blind-eye to market fundamentals you are definitely setting yourself up for disaster. Futures Market Service has been providing the best fundamental knowledge and direction since 1934. Professional traders and financial institutions have this information and use it to their advantage, why shouldn't you? MY BEST TRADES HAVE ALWAYS BEEN WHERE TECHNICALS AND FUNDAMENTALS LINE UP. I use CRB Futures Market Service for this vital information. This is where I get the fundamental information below. As a Market Pulse reader you are entitled to a special 3- month trial to this service. I am absolutely positive that this weekly and daily information will make you a better trader that if it doesn't please call me, Gary Kamen, within the first 30-days and I will refund your money. The Futures Market Service covers it all, Stocks, Currencies, Interest Rates, Metals, Energies, Grains, Meats, and Softs. I do not know how anyone position trades these markets today without this vital information

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The numbers below represent the Commercial Net Traders positions taken from the weekly Commitment of Traders (COT) report released by the Commodity Futures Trading Commission each Friday. You will find a 12-month high and low with the past 2 weeks of data. To see the past 52 weeks of commercial data please visit http://www.pricecharts.com/. Simply open Analysis under the Resource category at the top of the screen and click on the Commercial Tracker on the left side selection menu. You will find this to be a very interesting presentation of the commercial COT information.

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