Category Archives: Commodities
SELL -5 STRANGLE /GCG5 1/100 JAN 15 /OGF5 1360/1040 CALL/PUT @4.40 LMT Credit – max profit (including commissions) = $2.162 Days to expiration = 37 Initial margin = $3,441 ROC (max profit) =~ 63% Look to take off trade at approximately … Continue reading
Click here to view the chart. – Approaching an area of demand. – Confluence with the 50% Fib retracement of the AB move up – Price also approaching the 200 SMA Observe price action (candlestick formations etc.) once price reaches the level.
Click here to view the chart. The “Softs” (such as coffee, cotton, sugar, orange juice etc.) have been beaten down significantly over the past 18 months or so. Expecting a move up in this sector in the near to medium term. Looking to play this via … Continue reading
Click here to view the chart. – GLD approaching a demand zone on a daily chart (support) – Area also confluences with the 200 SMA & the 50% Fib Retracement from the last significant move up (AB). Would look for … Continue reading