I have a signal which gives me which side to trade based on some analysis, then I trade based on technicals. So at the moment, my signal gives me short on Lean Hogs. Z7-G8 had a leg down: While G8-J8 didn't move: PS: There was a typo on my previous post, I meant short G8-J8.
Long ZM Z17/H18 @ -2 based on : https://www.reuters.com/article/us-...eal-quality-may-lift-feed-costs-idUSKBN1CZ0D6
Went long Oats Mar/May yesterday @ -5 after WASDE. - Production is low. Supply is tight:http://usda.mannlib.cornell.edu/usda/current/SmalGraiSu/SmalGraiSu-09-29-2017.pdf -Spreads are currently in deep contango, as if supply was ample.
Went long Lean Hogs Z7-G8. Short pressure is finished and we are on a low, the spread should recover before expiration:
Yes, this one looks good, why do say that short pressure is over ? When you look at LH V7-Z7 you can see that it went well below classic level. So be careful^^ It's likely to high vol !
It's based on my main indicator for the trade direction and a volume forecast which shows that we should have hit the peak volume for this contract. I'll stop/exit if I don't see a reaction on these levels within the next few days.