Oats futures: Go long the front month futures
Updated
Use a stop loss under yesterday's low, risk 1% max, and aim for a 10% rally from here.
Commercial traders have been increasing long positions, and the chart is very bullish, and outperformed most commodities in the previous session, so this is a very attractive setup.
Good luck,
Ivan Labrie.
Commercial traders have been increasing long positions, and the chart is very bullish, and outperformed most commodities in the previous session, so this is a very attractive setup.
Good luck,
Ivan Labrie.
Note
If stopped out, place a buy stop at 178'6, with the same stop loss we have now.Trade closed: stop reached
Wait for a breakout of the highs.Trade active
The breakout order got filled, and trade is in good profit.Note
Great!Note
Close half of the trade now and move stops to today's low. Last: 182'4Note
Amazing move.
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