Thursday, July 23, 2020

Natty Long (plus other updates)

Have not posted here in a long time. Swing trade set-up for Sep. Natty.


LONG $1.70.
STOP $1.63 = risk per lot $700.
TGT #1 $1.84 = $1400.
(If using multiples, TGT #2 $1.91 = $2100.)

I marked $1.92 on image as more optimal exit target at a previous level of resistance. Ideally, if price moves thru $1.91, then trail to $1.91 awaiting $1.92 target.

Seasonality could assist the technical setup here:

Updates (on positions not shared in any prior blog posts):

Aug Live Cattle - loss.

Swissie Long, trail at b/e.
Wheat, waiting for TGT #1; stops moved to B/E.
Gold, TGT 1 & 2 hit, trailing at B/E, waiting to move stop behind ~$1800.

On the radar;
Euro RSI divergence:
5 year, tight coil for volatility spike up or down.

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