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.

May 18: sold 2 ct due to rounded bottom and bounce of the strong resistance. Risk per trade 3 %. SL and PT set in accordance with support and resistance levels.

 

(click on image to enlarge in new window)futures seasonal spread zwn16 zwz16 wheat trade commodity

Summary

Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
0 $ Sell 2 2016-May-18 -25.75 2016-May-27 -25.75 22.48
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