crude oil trade seasonal futures commodity spreads

June Crude Oil Trade Summary

Sell CLQ16 – CLU16: short August 2016 Crude Oil and long September 2016 Crude Oil

May 23: sold 2 contracts when 1-2-3 pattern occurred. PTs and SL defined based on the support and resistance levels. The market is going sideways.Read More »

June 2016 Spread Trading Watchlist

Date of analysis: June 01, 2016
List of seasonal futures spreads I consider to trade in June. Last two weeks of May I entered into two positions:
  • ZWN16 – ZWZ16 is already closed on break-even. I made small money management mistake, details of the trade are here.
  • CLQ16 – CLU16 position is still open.

Read More »

Wheat Seasonal Trade Result

Sell ZWN16 – ZWZ16: short July 2016 Wheat and long December 2016 Wheat

May 27: price hit the SL set on break-even.

May 20: price reached PT1 with potential profit of 350 USD but I decided to wait and just moved SL to break-even. I consider it as money management mistake, I should close position with 1 contract and continue with 1 contract.

Read More »