Be careful out there!
That's how I often close my posts but I want to double-plus emphasize it this morning as we have the 4th of July next Tuesday and there will be very few Americans working on Monday (US markets close at 1pm) - as it's the perfect chance to take a long weekend. In fact, next week is likely to be the slowest trading week of the year but that makes it very dangerous because any kind of panic into low volumes can cause a sharp sell-off so BE CAREFUL OUT THERE!
We already took our winning commodity trades off the table (you're welcome) in an Alert I sent to our Members at 5:36 becasue we had nice pre-market moves up in oil, gasoline, natural gas – even coffee – all of our weekend longs, in fact. These are the same trades we discussed in Wednesday's Live Trading Webinar and, of course, in Thursday morning's PSW Report, where I said:
Gasoline (/RB) is a bit more encouraging, already racing back to $1.435 (up $630 per contract) after hitting $1.395 on yesterday's lows. $1.42 is our long spot on /RB with tight stops below so it's game on again this morning, as it is with Oil (/CL) at $42.50 – if you are brave. We still like Coffee (/KC) at $122 but it doesn't like us and Natural Gas (/NGV7) went from $2.95 to $3 (up $500 per contract) yesterday and now it's back at $2.95 so why not take it again?
Why not indeed as we cashed in 2 longs for another $1,760 profit on the rejection at $3.05 and that's certainly good enough for 2 day's work, right? We teach people how to trade Futures contracts every Wednesday in our Live Trading Webinars as well as every day inside Philstockworld – you can join us HERE.
Once you pick up a good trading channel, you can make these same trades over and over again for quick profits like this and that's the best way to get started trading Futures – quick in and out trades with tight stops to limit your losses. I also…