Trade Ideas in Commodities

Oil made 1,2,3 High reversal pattern and Rh completed in friday
If the Monday open is inside friday Range there is good sell opportunity
Sell 1 tick below 69.70
stop above 70.70
limit@ 68.70

CK06
Corn is in congestion , if Open is contained by friday Range
Possible trade will be
sell 1 tick below 230"0
stop 1 tick above 234"0
limit@226"0
This congestion can be representation of accumulation or distribution.

Filled on oil trade

Oil trade closed @69.14
P/L+0.55 or $550 per contract on Exit1
and P/L +1.19 or $1190 per contract on Exit2
If one trade by the book and have nerves of steel He will exit part of the position on the point of the hook
and move his stop to lock profit and close the remaining contracts on exit2

It is very possible that will be Gap Opening for open auction Corn today
So if is Gap open I will pass on this trade

Yep there is gap open so no trade on Corn

After congestion break-out there is new formed Rh
The possible trade opportunity will be
if Monday Open is inside Friday Range
buy@73.34
Limit@75.04
stop@71.64

The trade is cancelled for reason no fill . Oil still in congestion area