Futures Trading based on COT Report W22-20

by Michael Chechnev | May 31, 2020 | Trading week results

Hello Insiders,

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.

The setup is still valid and perhaps next week we will trade NG. It all depends on the price behavior near the support level and the presence of a pattern for entering the deal.

SOYBEAN OIL (open position)

SetUp to buy for Soybean Oil was published in the weekly trading plan W22.

The second setup in a row. Position was opened May 26th.

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.


CRB index is growing. This week was inside week, but growing.


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.

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

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Risk Disclosure: Trading in futures, forex and CFD's involves a high degree of risk and is not suitable for every investor. An investor may possibly lose more than the capital deposited. Only risk capital should be used for trading, or parts of risk capital. Risk capital is money, the loss of which does not change the financial situation or does not affect life. Performance achieved in the past is not a guarantee of future profits.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. The account results presented may vary significantly in gains and losses. One of the limitations of hypothetical results is that they are generated by known historical data. In addition, hypothetical trading does not involve financial risk - no hypothetical track record can represent the financial risks of actual trading. For example, there is a possibility that trading will be suspended or cancelled if losses are incurred, this can greatly change the actual results. Furthermore, there are numerous other factors that cannot be fully accounted for in hypothetical performance when implementing a trading program, and thus can affect actual results.

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