ZMN20-ZMU20
Updated
Another agresive bull spread which is currently with good setup for trade. Commercials have an extreme short positions, which means, there is not much space for further price's fall. Moreover there is a good seasonality ahead, although LTD (Last Trading Day) is 30.6. so we are quite close. In general soybean meal is a small contract, we do not risk much. I have 3 spreads myself. I am aiming with my 1.PT to -2.
Trade closed: target reached
LTD is 30.6. and during the yesterday's session, there was bearish divergence for the spread. Therefore i close all my positions for -2.7. I rather take smaller profit, than take a risk by being in the trade while LTD is coming.
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