Market Curiosity: Exploring Markets And Systems

September 30, 2012

KCZ12 – Bullish COT +1% (update 2, Oct 4)

Filed under: +0 to +5%, Futures Trades — Tags: — Jeff Fitzmyers @ 1:54 pm

Buy stop 175.10
Stop loss 167.30.

+ Just back tested a 12 month old down trend line.
+ Medium term RSI above long term RSI and seems to be rising. Since this is basically a weekly pattern, a move up should last for a few weeks.
+ Nice long tail yesterday on trendline and EMA support.
+ COT is bullish.

Update 1, October 3: Moving stop up to a bit lower than break even. If price drops below 177.80 I will take partial profits. The RSI’s seem very bullish to me, so price “should” not drop much. If it does, I’m missing something and it’s definitely time to reduce exposure.

Update 2, October 4: Both stop losses hit, +1%. Will see if there is another low risk opportunity to go long in the next few days.

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