#NG_F $NG_F #NaturalGas - Bear spreadThe price of natural gas is quite low so I ordered a position about 0,025. SL 0,020 ($50/contract) and PT 0,040 ($150/contract).
Spreadtrading
#OJ_F $OJ_F #OrangeJuice - Bull spreadOrange Juice price is a bit oversold and a bullish correction could come very soon. I built a bull spread OJF19-OJH19 and I wait for an entry about -1,50 with SL -2,50 ($150/contract) and PT 2,00 ($525/contract).
$XLB bullish credit spread!New bullish credit spread on XLB (materials). After two weeks of bearish movement on XLB, we saw a close above $57.92 support and a bullish open this morning. Looking for bullish to neutral movement this week.
Entry 58.54
Max profit 59.00
Break even 58.72
0.78:1 risk/reward
Adjusted the XLB bullish credit spread to add a bullish credit spread one strike higher.
Max profit 59.5
Break even 59.12
0.31:1 risk/reward
#ZW_F $ZW_F #Wheat - Bear spreadA breakout has come and a price reached my PT. Nice profit of $200/contract.
#ZS_F #ZW_F #Soybeans #Wheat - Intermarket spreadIntermarket spread ZSH19-ZWH19 between soybeans and wheat is extremely cheap. Moreover, oversold soybeans and overbought wheat make perfect conditions for this spread.
#LE_F $LE_F #LiveCattle - BULL SPREADBull spread LEJ19-LEM19 has quite nice potential. I did not catch entry around 6,0, but there is still chance to open position by correction.
#HE_F $HE_F #LeanHogs - BULL SPREADBull spread HEZ18-HEG19 goes extremely down. It should go back in standard price channel around 4 - 8 again. It is a bit risky one and there have to come a good price action entry point.
#ZW_F $ZW_F #Wheat - Bear spreadA bear spread with low volatility and risk. Entry at 6,0. SL 4,0 ($100/contract), PT 10,0 ($200)
ORANGE JUICE and the STARTING DATE of the seasonal windowMy last analysis, signal, about the calendar spread on the Orange Juice, gives me the opportunity to talk about the starting date of the seasonal window. From my experience, I never buy or sell a spread on the day of the starting date of seasonality.
The reason is that many traders do that (even without a graphical pattern or signal) and, even though the manipulation is low in the spread trading, however, there is and in that day is stronger. You have seen that on the Orange Juice. A 1-2-3 low of Ross and the price goes over the point-2 exactly the starting day of the seasonal window (green vertical line).
And then? Stop loss. For that reason, I put my entry signal, not after the 1-2-3 low of Ross, but after the Ross Hook that has never been overtaken by the price. Now, even though the seasonality is pretty short, there is a bullish divergence (price/RSI), and the breakout of the resistance (blue trendline) will give the signal for buying the spread.
Spread trading on ORANGE JUICEAn interesting Spread proposed by SeasonAlgo on ORANGE JUICE, to be exact: BUY OJU18 (delivery September) and SELL OJX18 (delivery November). The bullish seasonal window started on August 1 and will end on September 2. Win: 14/15 (93%).
Graphically, the chart has formed a 1-2-3 low of Ross and, after, a Ross Hook. Buying the spread if the price will rise above the RH. Stop loss below the point 1 of the formation.
The only problem: FND/LTD September 4 (very close).
#ZS_F $ZS_F #soybeans - Bull spreadBull spread ZSX18-ZSF19 is very cheap. I entered at 9,0. Heading to 4,0.
#NG_F $NG_F #NaturalGas - BearspreadBearspread NGG19-NGF19 is quite low. I am looking for an entry at -0,035. SL -0,045 ($100/contract), PT 0,000 ($350/contract)
#HE_F $HE_F #LeanHogs - Bull spreadBull spread HEZ18-HEG19. ENTRY -6,250 / SL -7,250 ($400/contract) / PT -4,000 ($900/contract)
Soy Crush Spread at its EXTREMEKeep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread!
What do you need to do to sell this spread?
To sell this spread you have to make 3 transactions:
BUY 1 soybeans contract
SELL 1 soybean oil contract
SELL 1 soybean meal contract
Why do I see numbers in front of the chart symbols?
You can see different numbers in front of the contracts like "2.2*ZM1!+11*ZL1!-ZS1!" because of the different multipliers in the futures contracts.
Of course, you also make this trade with CFDs, in this particular case you need to have positions sizes with a similar nominal value
Spread in an extreme areaThis calendar spread is currently close to an extreme again. If you want to short this spread to exploit the mean reversion effect be careful because this specific spread (September/October) is only tradable until mid of August!
A first take profit could be the level of $1 if you are conservative. If you are a bit more aggressive then you can close the trade at a lower level, for example, $0.80 or even lower.
#ZW_F $ZW_F #Wheat - Bear spreadBear spread ZWZ18-ZWU18. I wait for a correction and a spread price about 19,0. SL 17,0 ($100/contract], PT 24,0 ($250/contract).
#ZS_F $ZS_F #soybeans - Bull spreadQuite risky bull spread ZSX18-ZSF19, but the price is very low and there is huge potential. Enter 9,0 / SL 11,0 ($100/contract) / PT 4,0 ($250/contract)
#OJ_F $OJ_F #OrangeJuice - Bear spreadThere could come a correction in a Orange Juice market. COT confirms an overbought state, so if it comes, I am looking for an entry around 0,0 in a bear spread OJX18-OJU18. SL 0,5 ($75/contract), PT 2,0 ($300/contract).
Short BUBI think you have three choices: go Long NOB, Short BUB, or do both (in turn, be Short the ZB butterfly). I've chosen to concentrate on BUB trades until my account and my psychology can handle the risk.
View of ZN and ZB ButterfliesShort BUB...this is what the ZN and ZB butterflies looked like when I entered the short.
#ZC_F $ZC_F #corn - Bear spreadCorn has done what I expected and my bear spread ZCN19-ZCZ18 reached my PT. $190/contract profit.
