Commodities Look Set to Plunge

The Bloomberg Commodity Index looks set to fall further. The daily volume on this contract is less than 5,000. I usually do not trade instruments which such light volume. It is possible I open a short position tomorrow morning.

Long Live Cattle

I took a long position in cattle. It completed a symmetrical triangle a few trading days ago. As typical with cattle it tends to always retest its breakouts.
Stop is at 156.6 with a target of 162.

Short The Real

The Brazilian Real broke down from its rectangle. I am short with a stop at 0.18485 and a target of 0.16985.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks N/A
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
ES Short 12/14/22 4052 3860 4.7%
MBT Short 12/16/22 16650 16530 0.7%
PL Long 12/29/22 1068 1084 1.5%
ZS Long 12/27/22 1510 1524.3 0.9%
Total Open Profit/Loss Futures 7.9%

Long Platinum

Platinum completed a small rectangle pattern. I am long with a stop at 1048 and a target of 1140.

Short Bitcoin

I took a small short position in Bitcoin. Stop is at 18240 with a target of 10000. It completed a descending triangle a few weeks back and has been lingering around. Its retest today looks like bearish price action to me.