crude oil trade seasonal futures commodity spreads clx16 clh17

Trade Summary: September Crude Oil

Buy CLX16 – CLH17: long November 2016 Crude Oil and short March 2017 Crude Oil

August 31: bought one contract – price bounced back from support (triple bottom) and 1-2-3 pattern occurred (better shown in TWS than Season Algo). PTs and SL defined based on the support and resistance levels. Risk per trade was 2%.

September 6: although the spread statistics and backtest were fine, entry signal as well, the price hit the SL and position was closed with loss of 210 USD.

 

(click on image to enlarge)crude oil trade seasonal futures commodity spreads clx16 clh17

Summary

Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
-210 $ Buy 1 2016-Aug-31 -2.18 2016-Sep-6 -2.39 9.24
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