Short SB Jul18 @ 13.51. - Possible end of the ethanol import tariff + Larger surplus expected this year. - Spreads are trending lower since new year. -Major support has been broken in the front month.
My profits are alright since I started back long term trades in 2017. If you dig around March 2016 in this thread, there was an equity curve of my profits since its start. Those are long term liquid trades, real bets, so the sharpe ratio is a lot lower than my bread and butter scalping. It should be around 1.5
FYI the ICE Softs Fast Facts newsletter is no longer provided by ICE. J Ganes now offers it as a monthly subscription for 169$/month - which I think is insane for something that used to be freely provided via ICE.
All my wheat spreads are making a killing since monday crop condition report. A good start of the year for sure
Is it possible to get USDA reports ( WASDE, crop progress, export sales...) sent to your email address?I used to get those delivered, but couldn't find it on the new USDA website...
Cocoa peeks above the 200 day moving average. The price moved above the 200 day moving average last night and closed at a higher level. The candle itself is not that bullish but certainly the steady manner in which the move was made is a positive and I'm inclined to believe we might be looking at a bullish outcome given how flat the 200 day moving average line is coming into this. In other words it won't take too many more up days before the 200 day moving average is pointing higher and the price is above the average, all of which would be a bullish scenario. I'm a bigger picture bull on the commodities markets in general and a weaker US dollar will assist prices in moving higher. I'll be looking to go long cocoa from the open of the market 2nd February U.S. time.