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[Week 21 - 2022] Trades Recap and Trade Setups

Updated: Jan 20, 2023

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:

Weekly Economic Calendar for Week 21
Credit: ForexFactory.com Time: +8 GMT

Dollar Index (DXY)

Dollar trades at minor support region

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 trades toward minor resistance

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)

Sugar #11 Futures Analysis

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

Sugar #11 Futures Analysis

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

Sugar #11 Futures reached Take Profit (1) level

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



Corn - Futures July (Analysis 19-2)

Corn Futures Analysis

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

Corn Futures reached Take Profit (1) level

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



Trade Analysis / Setups


Copper - Jul Contract (Analysis 21-1)

Copper Futures Analysis

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)

Soybean Oil Futures Analysis

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


 

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


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Stay safe out there and safe trading!

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