Why Long on this trade ? I would prefer to be short because the market is in strong contango in close expiries and stocks are huge.
To say the truth, it is just a remarkably consistent seasonal window for this spread. No other reason.
Not so strastospheric finally but good enough. Out the other half @ 7.5. End of seasonal window on monday + inverted hammer.
Does anybody have any thoughts on the Nov/Jan Feeder Cattle spread? It seems to be quite high compared to where it historically is. Last year it spiked big going into October, but before that it wasn't near the current level. Actually, Barchart shows it spiked, but for some reason Scarrtrading doesn't show that same move. Not sure what's up
Out @ -0.25. Talk about a bad trade. I don't know why I continue to trade sugar. I have never made a dime on it...LOL
We do pretty well with Sugar. I sincerely do not mean to be so after-the-fact but we actually have had a Sell on this particular spread since April with a profit target of -30.