Commodity Trading Setups: Robusta Coffee and Feeder Cattle

August 02, 2017

I prefer defensive trading approach that’s why last couple of weeks there were not a lot of setups to watch. But …

Buy Robusta Coffee: RCX17 – RCU17

Although the price slightly goes up since middle of June, still oscillated within the range. After breaking the upper border of price channel I entered into position at price: -10. Optimized exit date is at the end of August.

Buy Feeder Cattle: GFQ17 – GFU17

Currently is forming 1-2-3 pattern on this spread. The statistics are promising but I am cautious due to higher volatility of price and combination of potential seasonal correction in the middle of month with FND on August 31.

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