Place an open stop order at 1.655 to go long on QG futures. This price is one tick above the high of the day before, which should signal a sharp move up in the next couple of days. With this signal coupled with the bottom of the channel, signals a potential bullish reversal. Place open position at 1.655 and ride it up for the next move. If the price breaks the...
Corn futures have broken through the resistance of the triangle base is now poised for a large rally. Prices of Corn futures have not been this low since the 2016 commodity crash, giving us a nice risk/reward ratio.
We are looking at a descending triangle which should continue our overall bearish pattern. We will be placing a limit order to sell June British Pound futures at 1.96 as this should break the trend line. Look for this move in the next 1-2 weeks.
Silver is ready to move after consolidating these past weeks. The breakout to the upside should continue if this is a new bull trend, and breakdown if this is a bear continuation. Personally I am long silver, and will hedge by selling silver futures contracts with a limit order below $14.54, in order to maximize profits on my long position if we breakout.
We have an ascending triangle that is poised to continue the bullish pattern that has been established. May take a couple of days to weeks to play out. Bought the June 6J Futures, sold the September 6J futures.
We hit the bottom of the channel on the monthly and weekly charts for Cattle futures. We are putting on a long June contract, and short October contract to profit on the mean reversal.
We are at the bottom of the channel of the monthly chart with positive price action showing for Natural Gas. We will be putting on a June futures contract to capitalize on the next move up.
