Crude Bubbles Up

Our big winner of the day was crude oil, surging nearly $1.70 per barrel to 77.86. The signal was based upon a computer-controlled algorithm. However, the news today was that OPEC announced the lowest crude production in more than 8 months. I love it when the mathematics precedes the actual news....or maybe it was just luck.

For tomorrow, there are two new signals: again sell short Corn (futures only). The other, buy Copper (again). The symbols are CZ10 and HGZ10 & JJC. The track record for Corn is 22 wins out of 25 trades for 88%. This is the same system that gave a signal yesterday, and was stopped out intra-day. This is a rare case where all the action occurred intra-day; so this futures signal could not have been tracked by the reader. The signal is the same for the next session. Corn opened at 505 and is trading right now at 504. So, it traded lower yesterday, and closed higher. The track record for the copper system is 101 wins out of 117 trades for 86%.

Our algorithmically generated portfolio:


PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soy Oil BOZ10 40.86 44.44 42.23 $2,148 23
Long Zealand NE1U10 72.90 73.29 71.45 $390 15
Long Zealand BNZ 23.36 23.41 22.82 0.2% 15
Long Crude Oil CLX10 76.47 77.86 77.11 $1,390 3
Long Crude Oil OIL 21.93 22.16 21.95 1.0% 3
Long Sugar SBV10 24.30 24.93 23.45 $706 3
Long Sugar SBB 72.51 72.54 68.23 0.0% 3

And our closed-out trades:

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Short Corn CZ10 500.00 493.00 $350 1
Long Swiss SFZ10 101.72 102.15 $538 4
Long Swiss FXF 101.00 101.25 0.2% 7
Long Soy Meal SMZ10 296.00 302.90 $690 13

The soy meal trade was unfortunately stopped out; but soy meal bounced off its lows for the day. Food has generally been rising; some predict world-wide shortages coming. That's why the short corn signal is scary. However, it is telling us (perhaps mistakenly) that corn is over-bought on a short-term basis.


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