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[Week 21 - 2022] Trades Recap and Trade Setups

Updated: Sep 20

Hey Traders,


Despite the weaker Dollar throughout the weak, stock indices continue its fall for seven weeks straight. The S&P500 has fell more than 20% and its at the bear market territory. The economist had a magazine release indicating the rising price of agricultural commodities. Could this be a contrarian sign, indicating a potential fall in commodities? Supported by the cycle analysis of instruments, we have began the fall of stock indices and commodities could be the next in line.





Upcoming Economic Release:

(Credit: ForexFactory.com Time: +8 GMT)


Dollar Index (DXY)

The Dollar was unable to maintain its strength throughout the week and fell back towards support level at 102.84. We may potentially see a further fall in the Dollar if the support does not hold.



Spot Gold (XAU/USD)

Gold retraced some of the decline from last week due to the weakening of the Dollar. A break of the 1850 resistance area could potentially show push price towards the 1900 area.



Trade Recap


Sugar #11 May (Analysis 17-3)

Recap (Week 18 - 3 Weeks Ago) Take Profit - 1

Recap (Week 20 - Last Week) Take Profit - 2

Long position reached Take Profit - 2 level where we announced to close / partial.



Corn - Futures July (Analysis 19-2)

Recap (Week 20 - Last Week) Take Profit - 1

Long position reached Take Profit - 1 level where we announced to close / partial / risk free.



Trade Analysis / Setups


Copper - Jul Contract (Analysis 21-1)

Long opportunity: Buy at market reopen as High Risk Trade, towards 4.410 as Take Profit - 1 level.



Soybean Oil - Jul Contract (Analysis 21-2)

Long opportunity: Buy at market reopen as High Risk Trade towards 83.17 as Take Profit - 1 level.


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Cheers to all our member who managed to pack some profits this trading week.


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