I built a calendar bull spread ZSQ19-ZSU2019. It has nice potential. RRR 2,5.
Entry about 3,0
PT 8,0 ($550)
SL -6,0 ($150)
The price in Soybeans market goes up since September 2018. There is a very good possibility to fill the gap to 1020.
Cheap price, good RRR.
Oversold OrangeJuice market makes me thinking LONG.
A bull spread OJK19-OJN19 is quite low and it offers interesting RRR. COT analysis confirms an oversold state of a market.
SL -2,0 ($75/contract)
PT 0,0 ($225/contract)
A bear spread LEQ19-LEM19 has a good potential to grow. Enter 3,0 / SL 3,5 ($200/contract) / PT 2,0 ($400/contract)
The price is high and has reached a strong S/R zone. I expect downtrend.
Bear Spread LEQ19-LEM19
SL -3,5 ($200/contract)
PT -2,0 ($400/contract)
The corn bear spread offers quite nice RRR 1:2. I have already entered at 4,0. My SL is set at 3,0 ($50/contract) and my PT at 6,0 ($100/contract).
Corn could go DOWN...
This bear spread is quite cheap. I see a potential to grow to price 6,0. There is a strong S/R zone. Entry 4,0 / SL 3,0 ($50/contract) / PT 6,0 ($100/contract)
I built a bear spread ZWU19-ZWN19. There is still a chance, that the price in Wheat will rise to 550. Therefore I wait for good timing. However, it is good to have a plan already. I await an entry about 5,0, SL 4,0 ($50) and PT 10,0 ($250).
I expect to reach strong S/R 550 very soon. Then could come selling correction. Be prepared!
I built a bull spread ZSQ19-ZSU19. A possible Entry point could be around 0,0. SL -5,0 ($250/contract) and PT 10,0 ($500/contract).
Soybeans market created a strong S/R zone around 900. If the price will go up over 900 then I see a good potential for reaching 1000 or more.
An example of a bear spread VXM16-VXK16.
An example of an intermarket spread ZSN16-ZWN16.
I built a calendar bull spread CTK19-CTN19. A possible entry is at the price -1,20 with SL -1,40 ($100/contract) and PT -0,50 ($350/contract).