The Pattern Trapper for Monday, July 20, 2009

	The Pattern Trapper High Probability Futures Trading
Web Site: www.PatternTrapper.comE-Mail: RHunt@PatternTrapper.comPhone: 952-892-5550

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High Potential Setups for Monday, July 20, 2009
(Selected from market categories OTHER than the Indices or Interest Rates)

Corn Although Friday's High Potential Setup in Corn did not result in the kind of range expansion move originally expected, Pattern Signals fired for today's trading make it even more likely that we will soon see something significant occur. The September Corn contract has fired NR4, Inside Day, 2 Day ROC Buy, and 90-10 High Continuation signals for today's trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal tells us that Friday's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked, and the larger trend is to lower prices. The NR4/Inside Day signal combination tells us to be prepared for a large impulse move in either direction. Trade the break of Friday's 322^6 high to 316^4 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 320^4 Daily Pivot level may provide clues for earlier entry.

Cotton The December Cotton contract has fired Low Historical Volatility, NR7, and 2 Day ROC Buy signals for today's trading. The Low Historical Volatility and NR7 signals are a very potent combination that usually precedes big fast moves. Breakouts under these conditions often last for several days. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. Cycle Indicators (chart at right) are mixed, but both the larger and more immediate trends are to higher prices. The Low Historical Volatility/NR7 combination can be so volatile that you don't want to be caught on the wrong side. Stand prepared for a large impulse move in either direction. Trade the break of Friday's 64.18 high to 63.15 low range with a stop and reverse on the opposite side as the entry. More aggressive traders can use price action relative to today's 63.80 Daily Pivot level to trigger an earlier entry.

Pattern Signals, Pivot Levels, and Range
Projections for Monday, July 20, 2009
The Pattern Signal links below are available to paid subscribers only. Each link provides a detailed discussion of the Signals triggered, the setup parameters required for them to fire, and a few techniques to best take advantage of the market information that they offer. Click here for a sample.

INDICES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

S&P; 500/Sep Pit SPU9 Elct ESU9	NR7 with an Inside Day 2 Day ROC Sell	R3 946.50 R2 943.33 R1 940.17 DP 935.58 S1 932.42 S2 927.83 S3 924.67	Hi 940.88 943.84 Low 933.13 930.16
Dow Jones/Sep Pit DJU9 Elct YMU9	NR7 Signal 2 Day ROC Sell Low Breakout Cont. Setup	R3 8793 R2 8761 R1 8729 DP 8676 S1 8644 S2 8591 S3 8559	Hi 8740 8772 Low 8655 8622
Nasdaq/Sep Pit NDU9 Elct NQU9	2 Day ROC Sell 90-10 High Continuation	R3 1548.25 R2 1541.50 R1 1534.75 DP 1522.25 S1 1515.50 S2 1503.00 S3 1496.25	Hi 1537.63 1544.98 Low 1518.38 1511.02
Russell/Sep Elct TFU9	NR7 with an Inside Day 2 Day ROC Sell	R3 526.60 R2 524.07 R1 521.53 DP 518.67 S1 516.13 S2 513.27 S3 510.73	Hi 521.70 523.76 Low 516.30 514.24

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond Sep USU9	Low Range Close	R3 118-31 R2 118-02 R1 117-05 DP 116-20 S1 115-24 S2 115-07 S3 114-10	Hi 116-31 117-17 Low 115-18 115-00
Full Session T-Bond R3 119-04 R2 118-05 R1 117-07 DP 116-21 S1 115-23 S2 115-05 S3 114-07
US T-Note Sep TYU9	Low Range Close	R3 118-05 R2 117-18 R1 116-31 DP 116-20 S1 116-01 S2 115-22 S3 115-03	Hi 116-28 117-07 Low 115-30 115-18
Full Session T-Note R3 118-09 R2 117-21 R1 117-01 DP 116-21 S1 116-01 S2 115-21 S3 115-01

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US Dollar Index Sep DXU9	NR4 Signal 2 Day ROC Buy	R3 80.220 R2 79.982 R1 79.743 DP 79.577 S1 79.338 S2 79.172 S3 78.933	Hi 79.707 79.862 Low 79.302 79.148
Australian Dollar Sep ADU9	NR7 with an Inside Day Momentum Pinball Buy	R3 0.8103 R2 0.8064 R1 0.8025 DP 0.7980 S1 0.7941 S2 0.7896 S3 0.7857	Hi 0.8028 0.8060 Low 0.7944 0.7912
British Pound Sep BPU9	High Breakout Cont. Setup Momentum Pinball Buy	R3 1.6619 R2 1.6526 R1 1.6433 DP 1.6348 S1 1.6255 S2 1.6170 S3 1.6077	Hi 1.6429 1.6497 Low 1.6251 1.6183
Canadian Dollar Sep CDU9	NR7 with an Inside Day	R3 0.9047 R2 0.9024 R1 0.9002 DP 0.8966 S1 0.8944 S2 0.8908 S3 0.8886	Hi 0.9008 0.9030 Low 0.8950 0.8928
EuroFX Sep ECU9	NR7 with an Inside Day 2 Day ROC Sell	R3 1.4234 R2 1.4191 R1 1.4148 DP 1.4106 S1 1.4063 S2 1.4021 S3 1.3978	Hi 1.4148 1.4180 Low 1.4063 1.4030
Japanese Yen Sep JYU9	NR7 with an Inside Day Low Range Close	R3 1.0807 R2 1.0744 R1 1.0682 DP 1.0641 S1 1.0579 S2 1.0538 S3 1.0476	Hi 1.0671 1.0710 Low 1.0568 1.0528
Swiss Franc Sep SFU9	2 Day ROC Sell	R3 0.9402 R2 0.9365 R1 0.9328 DP 0.9288 S1 0.9251 S2 0.9211 S3 0.9174	Hi 0.9330 0.9359 Low 0.9253 0.9223

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle Aug FCQ9	No Pattern Signals fired	R3 105.925 R2 105.483 R1 105.042 DP 104.358 S1 103.917 S2 103.233 S3 102.792	Hi 105.162 105.592 Low 104.037 103.608
Live Cattle Aug LCQ9	No Pattern Signals fired	R3 87.500 R2 87.125 R1 86.750 DP 86.125 S1 85.750 S2 85.125 S3 84.750	Hi 86.875 87.257 Low 85.875 85.493
Lean Hogs Aug LHQ9	2 Day ROC Sell	R3 66.450 R2 65.858 R1 65.267 DP 64.658 S1 64.067 S2 63.458 S3 62.867	Hi 65.275 65.733 Low 64.075 63.617
Pork Bellies Aug PBQ9	90-10 High Continuation	R3 66.700 R2 65.733 R1 64.767 DP 62.933 S1 61.967 S2 60.133 S3 59.167	Hi 65.200 66.270 Low 62.400 61.330

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn Sep CU9	NR4 with an Inside Day 2 Day ROC Buy 90-10 High Continuation	R3 329^0 R2 326^6 R1 324^4 DP 320^4 S1 318^2 S2 314^2 S3 312^0	Hi 325^4 327^6 Low 319^2 316^6
Wheat Sep WU9	No Pattern Signals fired	R3 567^0 R2 558^4 R1 550^2 DP 539^0 S1 530^6 S2 519^4 S3 511^2	Hi 551^4 559^0 Low 532^0 524^4
Soybeans Aug SQ9	2 Day ROC Buy 90-10 High Continuation	R3 1041^4 R2 1030^6 R1 1020^2 DP 999^6 S1 989^2 S2 968^6 S3 958^2	Hi 1025^0 1036^6 Low 994^0 982^2
Soybean Meal Aug SMQ9	NR7 with an Inside Day 2 Day ROC Buy 90-10 High Continuation	R3 327.2 R2 324.0 R1 320.7 DP 314.8 S1 311.5 S2 305.6 S3 302.3	Hi 322.1 325.6 Low 312.9 309.4
Soybean Oil Aug BOQ9	2 Day ROC Buy 90-10 High Continuation Momentum Pinball Sell	R3 35.28 R2 35.13 R1 34.97 DP 34.67 S1 34.51 S2 34.21 S3 34.05	Hi 35.05 35.23 Low 34.59 34.41

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil Aug CLQ9	2 Day ROC Sell	R3 66.94 R2 65.77 R1 64.59 DP 62.82 S1 61.64 S2 59.87 S3 58.69	Hi 64.90 66.02 Low 61.95 60.82
Heating Oil Aug HOQ9	2 Day ROC Sell	R3 1.7396 R2 1.7052 R1 1.6708 DP 1.6227 S1 1.5883 S2 1.5402 S3 1.5058	Hi 1.6777 1.7092 Low 1.5952 1.5636
Natural Gas Aug NGQ9	No Pattern Signals fired	R3 4.026 R2 3.914 R1 3.802 DP 3.673 S1 3.561 S2 3.432 S3 3.320	Hi 3.811 3.903 Low 3.569 3.477

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold Aug GCQ9	No Pattern Signals fired	R3 948.0 R2 944.5 R1 941.0 DP 936.3 S1 932.8 S2 928.1 S3 924.6	Hi 941.6 944.7 Low 933.4 930.3
Silver Sep SIU9	No Pattern Signals fired	R3 13.870 R2 13.714 R1 13.559 DP 13.314 S1 13.159 S2 12.914 S3 12.759	Hi 13.603 13.756 Low 13.203 13.050
Copper Sep HGU9	No Pattern Signals fired	R3 2.5110 R2 2.4817 R1 2.4523 DP 2.4097 S1 2.3803 S2 2.3377 S3 2.3083	Hi 2.4590 2.4865 Low 2.3870 2.3595

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice Sep OJU9	Low Breakout Cont. Setup	R3 108.65 R2 106.98 R1 105.32 DP 103.18 S1 101.52 S2 99.38 S3 97.72	Hi 105.55 107.00 Low 101.75 100.30
Sugar Oct SBV9	NR7 Signal Low Range Close High Breakout Cont. Setup	R3 17.91 R2 17.71 R1 17.50 DP 17.38 S1 17.17 S2 17.05 S3 16.84	Hi 17.47 17.59 Low 17.14 17.01
Cocoa Sep CCU9	2 Day ROC Buy	R3 2912 R2 2862 R1 2812 DP 2736 S1 2686 S2 2610 S3 2560	Hi 2825 2873 Low 2699 2651
Coffee Sep KCU9	Inside Day 2 Day ROC Buy 90-10 High Cont. & Rev	R3 122.20 R2 121.03 R1 119.87 DP 117.83 S1 116.67 S2 114.63 S3 113.47	Hi 120.30 121.52 Low 117.10 115.88
Cotton Dec CTZ9	Low Hist Vol with NR7 2 Day ROC Buy	R3 65.21 R2 64.83 R1 64.44 DP 63.80 S1 63.41 S2 62.77 S3 62.38	Hi 64.58 64.97 Low 63.55 63.15

Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in stock and futures trading. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results.

Terms and conditions: Use of The Pattern Trapper Newsletter is granted to the subscriber of record only. Any abuse of subscriber privileges will result in denied access without a refund. All materials are copyright © 2009 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.

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