Today is Sunday and we traditionally summarize the last trading week and prepare our plan for the next trading week.
This week we closed Natural Gas position, by the end of the week we came up with long positions in Soybean Oil and Canadian Dollar.
NATURAL GAS (closed position), profit $620
SetUp to sell for Natural Gas was published in the weekly trading plan W20. Position was opened May, 20.
This is the second part of the natural gas deal. The first part was closed last week. Profit in the first deal was $6,570 link .
Here we earned $620. Stop loss was placed close to the market, as natural gas has a serious level of support 1.837. We see that the price on Friday broke through this level, but the close of trading session was above it.
SOYBEAN OIL (open position)
At the moment, the market is not discharged. We see this on the COT index, which continues to be in the buy zone. The futures is in the flat movement. The seasonality of soybean oil is directed downward, but the market is now strong and it does not go according to seasonality. There is every chance that the upward movement will continue and we see prospects that the price will reach MA52.
The position is open on PRO and small account. Positions are kept.
CANADIAN DOLLAR (open position)
This is a setup from 22 weeks. There are also two setups in a row. The situation is very similar to Soybean Oil when there was accumulation and now there is a way out of this accumulation.
On the daily chart it can be seen that in April we had Canadian dollar trade, it was unsuccessful, the instrument went to flat movement. Now there are good chances to get out of this flat. The position was opened on Friday. Position is kept.
To sum up the trading week:
Natural Gas, profit $620
Total profit $620.
That’s all about our trading in this week.
Next, we are moving to planning trading week 23.
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