I also entered part of my position yesterday before the report @ 37. Looking to add some more in the 32 - 34 range. We have strong seasonal tendencies from here into the spring and support in the 20s.
I have been watching S/KW for a while and got stopped out a few weeks ago. But it might be worth another try if it puts in another bottom in the range. I like the S/BO seasonals better than the SM/BO I'm currently in, so that's one for my watchlist. Thanks for the idea :)
I'm not a...
It's been kinda slow in the ag space for me the last month or so. I'm in SMH/BOH but it's been chopping around my entry. I'm also still hanging on to 1/2 position of LCM/G but it's running out of time.
I think everyone and their mother is watching it, but I don't trade outrights, so I am watching it for the impact on spreads. I don't have a lot of ag spreads looking good for me right now, more in the energies.
I like the hog bear spreads as well. I am in the M/G spread now @ decent size with a very similar looking chart to the Q/G. One thing I like about these is that they have reached the 15-20 range quite a bit in the past.
YW! I took profits on 1/2 of my position last week @ -0.5. It looks like it may breakout of the triangle to the upside so at this point my PT for the remainder is around the +1.5 resistance.
HOK/HOF is looking interesting down here between -3 and -4. Looks like strong supp/res @ -4 and seasonal strength right now.
https://www.tradingview.com/x/RMEfxuj9/
I added to my position yesterday, and will look to add more soon if it behaves. Stops @ -22 & -25. PTs @ -3 & -8
https://www.tradingview.com/x/NFXlG9Vz/