I will consider a short position if the Russell 2K breaks down from this H&S pattern.
Category: Trades
Oats-Possible Trade
I am considering a short position in Oats if it breaks down below 360. Not a market I like to trade since the volume is so light.
Short Euro Dollars
I went short the December 25 contract of the Euro Dollars. It completed a small descending triangle yesterday. I only trade patterns that are less than 1 month if they are in a strong trend. Stop is at 96.085 with a target of 95.465.
Copper-Possible Trade
Copper is forming a symmetrical triangle. I may go short with a closing below the 3.2 mark.
Long Soybean Oil
Soybean oil completed a rectangle. I am long with a stop at 66.5 and a target of 75.
Natural Gas- Pattern Completed
I am flat. I have no other open positions.
Positions Going Into Weekend
I am just short Natural Gas.
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 |
|
NG | Short | 9/22/22 | 7.5 | 6.465 | 13.8% | |
Total Open Profit/Loss Futures | 13.8% |
Bottom Hunting in Gold
I am long gold with a stop at 1680. This is a very small long position. It looks like gold is putting in a bottom here.
Lean Hogs-Target Met
Lean hogs completed its rectangle top. I still have a small short position open with my stops jammed. My next target is set at 74.
Flat Charter
I closed out the short position in Charter.