Long

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.

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: 182'4

Note

Amazing move.

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Also on:

Related publications

Commodities: Oil leading the pack and an interesting spread

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.