Category: Trades

Stops have been jammed to today’s high for copper.

Same for wheat.

Both of these moves look way overdone and they are close enough to the target. I am not willing to give back any profits on these two trades.

My stops for platinum have been moved to 880. I am very suspicious of this trade. The commercial short position is near the lowest its been going back 10 years. This is usually a sign of a bottom. Time will tell.

The New Zealand Dollar completed a descending triangle today. I am short with a stop at 0.62475 and a target of 0.57975.

I do not trade multi-year patterns but it sure looks like the US dollar wants to challenge its 2001 high.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
						N/A
	Total Open Profit/Loss Stocks					N/A
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
HG	Short	6/22/22	3.95		3.609	8.63%
PL	Short	7/1/22	870		870	0.00%
ZWZ22	Short	6/22/22	1027.5		872	15.13%
	Total Open Profit/Loss Futures					23.8%

I am now short.

The bull moves in grains tend to end with a full retracement. I am still 100% short with my stops moved up to 971.50 to lock in profits.

Platinum completed a head and shoulder continuation pattern yesterday. I have my sell limits at 870 with a target of 670 and stop at 900. If my orders don’t get filled today, I will pull these orders.

I jammed 50% of my stops to yesterdays high in wheat to lock in profits. I do not want a full blown reversal from today’s USDA release to give back all my profits.

I got stopped out this morning. I may take another shot on the short side following the USDA report this Thursday.

I closed out the Canadian Dollar for a small loss. I did not want to carry a losing trade into the weekend.
Wheat and Copper has the stops moved to a break even point.

FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
HG	Short	6/22/22	3.95		3.742	5.27%
ZS	Short	6/22/22	1520		1521.3	-0.08%
ZWZ22	Short	6/22/22	1027.5		956.75	6.89%
	Total Open Profit/Loss Futures					12.1%