Yellow box, buy-zone Cot net long position is not "so net long", but charts shows very good price action support plus SOYBEANS net long position seems signaling a reversal. So using positive hystorical correlation between SOYBEANS and SOYBEANS MEAL this point could be a good entry point with very good R/R.
We will enter LONG in accordance with COT REPORT, (net position is already all time high net long). We will watch OIL market as well and enter if the entry will coincie will oil reversal (ideally around 55) Energy sector is in backwardation.
We enter if a retracement to 827, target 925 Precious metal market is possibly set for bull run
In accordance with COT net log position, we will enter at 470 with targte at 590
We sold brent and bought wti
We bought gasoline and sold heating oil
if the price reaches 335 and COT report is at least -4300 we will enter short position targteing 270.
COT REPORT HIGHEST LONG IN 20 YEARS. Check on www.barchart.com Strategy is accumulation up to 2.5-3% of total portfolio in case of eventual decrease
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If in accordance with the COT report, the position net long will be at least -150k or bigger, we will look for an entrance around 55, targeting the downtrend
In accordance with COT report and our previous analysis, Oil seems directed to our main entri Role Reversal Level at 55.00 We use price action to enter the first part of the position at 58.50. In case of a break down we will reopen at 55.00 Targets are the role reversal at 65 and the fib 61.8 of the last leg down. Since anyway the trend is up, we will keep a...