December wheat completed a head and shoulder top today. I missed this one. I may short a rally back to the 1030 level.
Category: Trades
Copper-Possible Top
Copper appears to be putting in a top. I may take one shot on the short side with a close below 3.96.
Ultra 10-Year Update
My stops are at a break even point for this trade.
Positions Going Into Weekend
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 |
|
6C | Short | 6/17/22 | 0.76935 | 0.7683 | 0.14% | |
SI | Long | 5/18/22 | 21.4 | 21.65 | 1.17% | |
TN | Short | 6/2/22 | 127.71875 | 124.5 | 2.52% | |
ZL | Short | 6/16/22 | 75 | 72.24 | 3.68% | |
Total Open Profit/Loss Futures | 7.5% |
Soybean Oil Update
My stops are at a break even point.
Short the Canadian Dollar
I am giving the Canadian Dollar short one more chance. Stop is at 0.77935 with a target of 0.73935.
Short Soybean Oil
I am short with a stop at 77 and a target of 70. Grains appear to be putting in their seasonal top.
Long Soybeans
I am long the November contract with a stop at 1540 and a target of 1700.
Soybean Oil-Long
Soybean Oil completed a small symmetrical triangle in the December contract. I took a stab on the long side with a stop at 75.2 and a target of 82.2. This is a very good Reward/Risk Ratio setup.
Ultra 10 Year US Treasury Note
I am short with a stop at 128’215 and a target of 121.