Futures Trading based on COT Report W04-21

by Michael Chechnev | Jan 31, 2021 | Trading week results

Hello Insiders,

Today is Sunday, January, 31st and we traditionally summarize the last trading week.

At the end of the week we came with a short position in soybean meal.



US DOLLAR INDEX- closed position

We started the week with an open position in the US dollar index. The price didn’t move upward in our direction. And US dollar index still in a flat movement.

For this reason, we closed the position at the breakeven level. However, the prerequisites for the strengthening of the US dollar remain. Therefore, the US dollar index is in our checklist and we are watching the instrument.

The position was closed in small account as well.






SOYBEAN MEAL – open position

Signal to sell for soybean meal was published in the weekly trading plan W04. Our entry was on Wednesday with a small stop loss and minimal risk. The position is kept. Stop loss is placed above January 27 plus 1 tick. Target price is 376.5.

We think that the downward movement will continue, but this isn’t a reversal of the global trend, but most likely a deep correction.





INDEX CRB

Signal to sell for soybean meal was published in the weekly trading plan W04. Our entry was on Wednesday with a small stop loss and minimal risk. The position is kept. Stop loss is placed above January 27 plus 1 tick. Target price is 376.5.

We think that the downward movement will continue, but this isn’t a reversal of the global trend, but most likely a deep correction.


That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 05.

These detailed trading plans are published for members in our Insider Week community. Join us now!

Trade smart, Insider Week team

Our Trading Performance  HERE

Our COT-Trading Service https://insider-week.com/iw-cot-trading/

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