soybean oil trade result seasonal futures commodity spreads zlh17 zlz16

Trade Result: Soybean Oil with Profit of 120 USD

Buy ZLH17 – ZLZ16: long March 2017 Soybean Oil and short December 2016 Soybean Oil

August 31: bought 2 ct when price bounced back from the bottom and broke s/r level in accordance with seasonality. The entry was little bit late. Risk per trade 1.8 %. Init SL = 0.23 and PT = 0.8.

September 23: Stop loss moved below previous s/r level on 0.4 with small profit.

September 29: Price two times did not break s/r level on 0.49, I decided to close the position with small profit of 120 USD.

(click on image to enlarge)soybean oil trade result seasonal futures commodity spreads zlh17 zlz16

Summary

Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
120 $ Buy 2 2016-Aug-31 0.38 2016-Sep-29 0.48 22.48
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