Oil-Long Term Look

I am not a fan of multi-year continuation charts. Especially when it comes to the energy sector. However, crude oil is at a critical support level. As posted previously, I am flat and had no desire to stay short.

Long the Euro

Euro looks like it is making a bottom here. I am long with a stop at 1.0525 and a target of 1.09.

Short Russell

US stocks look like they want to plunge. I took a short position in the Russell 2K with a stop at 2215 and a target of 1950. Looks like a perfect head and shoulder top. Time will tell.

Position Update

KC wheat reached its target of 630. I am flat.

Gold is close enough to 3000. I still have a small long position with jammed stops.  

I bailed on SFR3 for a small loss.