featured commodity futures spreads watchlist soybeans soybean meal october 2016

Futures Spreads Watchlist: October 2016

Date of analysis: October 2, 2016

List of seasonal futures spreads I consider to trade in October.

Last month I made 3 trades out of 4 presented in September’s watchlist with total net profit of 2.8%.

Buy Soybean Meal: ZMZ16 – ZMF17

long December 2016 Soybean Meal and short January 2017 Soybean Meal.

October 2 was the day of optimized entry. The correlation between spread and 5y, 10y seasonal patterns is more than 60% and in last 15 years there were 93% winning trades. Currently I am waiting for confirmation of entry signal (1-2-3 pattern and breaking the s/r level) and expecting the start of long trend due to seasonality.

(click on image to enlarge in new window)watchlist commodity seasonal spread trade soybean meal zmz16 zmf17

 

Buy Soybeans: ZSX16- ZSK17

long November 2016 Soybeans and short May 2017 Soybeans.

October 2 was the day of optimized entry. The result of analysis is not as good as Soybean Meal, but if entry signal occurs I will enter into position. Another spread of Soybeans taken into consideration is ZSX16 – ZSH17.

(click on image to enlarge in new window)watchlist commodity seasonal futures spread trade soybeans zsx16 zsk17

Please read the disclaimer.

 

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