I took a small long position in Soybean Meal. It is riding the bottom of a symmetrical triangle. I rarely take a position anticipating a breakout. However, I think Soybean Meal is going higher and it will get choppy as it get closer to the upper boundary.
Long Platinum
I have buy orders in at 1880 with a stop at 1820 and a target of 2100.
Long Gas
I am long gas with a stop at 2.66 and a target of 3.00
Long SP500
SP500 completed an ascending triangle. I am long with a stop at 7600 and a target of 8100.
Short the 5-Year
I am short with a stop at 106’157 and a target of 104’000.
Bottom Hunting
Natural gas is probably near a bottom. I am long the April 2027 contract.
KC Wheat Pattern Completed
Pattern completed. I am flat for a sizeable profit.
On a longer-term outlook, it looks like the wheat complex is going higher.
Long KC Wheat
I am long KC wheat. It completed a head and shoulder failure pattern.
Flat ARM
I exited this position at closing.
Yen Bottom
I believe the Yen has formed a major bottom and will continue higher for many years. I am long.
