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[Week 44 - 2021] Trades Recap and Trade Setups

Updated: Sep 20, 2022

Hey Traders,

Major indices achieved new high as we end off October with the S&P500 breaking 4600. Market is still observing the reaction in the bond market with the bund rising up in yield, the FOMC statement next week will be an important event that market will keep a lookout for. November has been weak seasonally for crude, the OPEC meeting next week will also be a big event to keep watch.

Traders should also be aware that most European countries will turn back 1 hour due to Daylight Savings next week.

Upcoming Economic Release:

(Credit: Time: +8GMT)

Dollar Index (DXY)

Dollar bounced back during Friday from reaction of the bond market. Key resistance at 94.65 will be important as any breakout indication could strengthen the dollar even more.

Spot Gold (XAU/USD)

Gold has been weak through out the week, failing to reach last week's high twice, reversing immediately at 1810.

Trade Recap

Soybean Futures (Exclusive Trade)

Recap (Week 42 - 2 Weeks Ago) Take Profit - 2

Recap (Week 43 - Last Week) Take Profit - 3

Long at market position reached Take Profit 3 level where we announced to close / partial.

WTI Crude (Analysis 37-3)

Recap (Week 41 - 3 Weeks Ago) Take Profit - 5

Recap (Week 43 - Last Week) Take Profit - 6

Long position reached Take Profit - 6 level where we announced to close / partial / risk free.

Gold (Analysis 43-3)

Recap (Week 43 - Last Week) Closed - Breakeven

Long position was announced to closed at breakeven level.

Trade Analysis / Setups

EUR/USD (Analysis 44-1)

Short opportunity: Break and retest confirmation at region between 1.15886 to 1.16136 towards 1.14697.

USD/CAD (Analysis 44-2)

Long opportunity: Break and retest confirmation at 1.240 region towards 1.24975.

Short opportunity: Break and retest confirmation at 1.232 region towards 1.2211.

Sugar #11 - Front month (Analysis 44-3)

Short opportunity: Retest confirmation at 19.5 region towards 18.88.

Corn - Front month (Analysis 44-4)

Long opportunity: Reversal confirmation at 563 region towards 575.


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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