Category: Trades

I am flat natural gas.

I am short with a stop at 700. Target would be 600.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
ARE	Long	12/8/21	212.18		215.37	1.5%
BRK/B	Long	12/14/21	295.9		293.67	-0.8%
CME	Long	12/8/21	232.5		224.78	-3.4%
	Total Open Profit/Loss Stocks					-2.7%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
NG	Short	11/30/21	4.51		3.675	18.51%
ZCU22	Long	10/27/21	547.5		561.75	2.60%
ZS	Long	12/16/21	1290		1287	-0.23%
ZW	Short	12/16/21	768		775	-0.91%
	Total Open Profit/Loss Futures					20.0%

Crude oil maybe forming a massive H&S top pattern.

It did the same thing before its 2019 collapse. It seemed unlikely to me that the 2019 H&S top would play out, but there it is.

Also see the reverse symmetrical triangle that was formed before its 2013 collapse. The more touches a symmetrical triangle has the more likely it will be a reversal rather than a continuation pattern.

If this pattern plays out, we will have a $40 target for crude oil.

I have a buy limit at 1290 for Soybeans. Stop is at 1270 with a target of 1380. As I stated before,  I think Soybeans made an important low in November.

For Soybean Oil, I have a sell limit at 55 with a stop at 56 and a target of 45. The price action in this market is very bearish. The past 2 months I have been trying to catch this down trend only to get knocked out for a loss each time.

If these markets begin to pull away from my limits next week, I will cancel the orders.

Natural Gas looks as though it will complete a small bear flag today. I am still short. My limits are at 3.25.

I will take one more shot on the long side if I see a closing above 58.5. I pulled the trigger to early on this trade.

I got stopped out today. I may give it one more shot with a closing price above today’s high.

Soybean oil rallied back to resistance. I may open a short position.

I am short with a stop at 788 and a target of 675.