Positions and Possible Trades

I only have one position- short wheat.

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
ZW Short 3/2/23 720 683.25 5.10%
Total Open Profit/Loss Futures 5.10%

I have open orders to short Soybean Oil at the 58 mark as of right now. I might move them down to the 57 mark next week.

The Euro appears to be making a head and shoulder top. I will be looking to go short with a break below the 1.05 mark. 

It appears the bond markets may have put in a temporary bottom. Higher bond prices (lower interest rates) might be the trend over the next few months.

Soybean Oil

Soybean oil broke down from its head and shoulder pattern. I was busy and did not get a chance to short it. I will be looking to go short on any rally back to the 58 level.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks 0.00%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
ZW Short 3/2/23 720 708.5 1.60%
Total Open Profit/Loss Futures 1.60%

Short Wheat

The grain complex looks very weak. I interpreted the wheat pattern as a rectangle.
My stop is at 735 with a target of 625.

Possible Future Trades

The New Zealand dollar looks to be setting up a failed head and shoulders pattern. It could also be interpreted as a double top. Depending on price going into closing I may go short today.

KC wheat looks to be setting up a descending triangle. I will be looking to go short with a closing below 790.

The DOW looks to be setting up a rectangle top.

Soybeans is forming an ascending triangle. I want to see a closing above 1550 before going long. This is by far the best-looking pattern of them all.

Chicago wheat could be forming a head and shoulder bottom. I will be looking to go long with a closing above the 810 level. A closing below 717 will invalidate this interpretation.