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1: CURRENCIES
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December Australian Dollar ADZ9
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Watch List – Still looking for resistance to come back into the market.
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2: FINANCIALS/INDICES
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September Eurodollar EDU0
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We had resistance come into the market for Thursday and I’ll run the sell order for Friday but I won’t make it too tight.
If September Eurodollar opens at or above 99.050
SELL 2 September Eurodollar at 99.047 (stop)(day)
If filled: Exit Stop: 99.200 (stop)(GTC)
Approximate Risk: $382 per contract
Profit Target: 98.860 (limit)(GTC)
Approximate Profit: $467 per contract
Degree of Risk: Moderate
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3: GRAINS
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January Canola RSF0
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Canola tagged us for a small loss as the market continues to search for support. It might rally from here again, but I’m FLAT for Friday.
COMPLETION of Long January Canola at 4100 (November 25)
Stopped: 4080 (December 10)
Approximate Loss: $40 per contract
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March Oats OH0
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We’re still hanging on in our Oat trade but we do need the bears to come back into the market soon.
CONTINUATION of Short March Oats at 259 3/4 (December 3)
Exit Stop: 261 1/4 (stop)(GTC)
Approximate Risk: $75 per contract
1st Profit Target: 253 1/4 (December)
Approximate Profit: $325 per contract
Degree of Risk: Moderate to HIGH
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February Lean Hogs LHG0
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I’ll re-run the Hog trade for Friday even though I’m not a fan of Friday trades.
If February Lean Hogs opens at or below 6640
BUY 2 February Lean Hogs at 6645 (stop)(day)
If filled: Exit Stop: 6485 (stop)(GTC)
Approximate Risk: $640 per contract
Profit Target: 6755 (limit)(GTC)
Approximate Profit: $440 per contract
Degree of Risk: Moderate
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March Cotton CTH0
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Things are looking a little better for our Cotton position after Thursday. We should see the market break down and head lower for Friday.
CONTINUATION of Short 2 March Cotton at 7360 (December 10)
Exit Stop: 7525 (stop)(GTC)
Approximate Risk: $825 per contract
Profit Target: 7255 (limit)(GTC)
Approximate Profit: $525 per contract
Degree of Risk: Moderate to HIGH
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March Sugar SBH0
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See what I mean about struggling markets? Sugar shot up in a big way stopping us out for a loss. Sure glad I tightened my stop. At least it doesn’t hurt as much.
COMPLETION of Short March Sugar at 2257 (December 4)
Stopped: 2273 (December 10)
Approximate Loss: $179 per contract
