Year end Trade Inflation peak / Long YTD losers Short Winners
- USD has probably peaked for 2022 post US CPI important release.
- Into year end Trade
- Contrarian Play is to Buy Losers (Coppers, NDX, US Equities, Gold), Sell Inflation winners (WTI, USD, Financial sector, Energy Equities).
- In Commodities I chose WTI as a good proxy
Technicals
Long term Trend is negative on crude since the top in June 2022, we broke decisively on 50-week MA and trading under
Systematic / CTA Positioning is still Long.
Into year end with only 5 weeks left, it's highly likely that the Trend Trade will be unwound, based on very large Standard deviations moves that happened yesterday in macro Space (US10Y, USD, Crude, Equities)
- Into year end Trade
- Contrarian Play is to Buy Losers (Coppers, NDX, US Equities, Gold), Sell Inflation winners (WTI, USD, Financial sector, Energy Equities).
- In Commodities I chose WTI as a good proxy
Technicals
Long term Trend is negative on crude since the top in June 2022, we broke decisively on 50-week MA and trading under
Systematic / CTA Positioning is still Long.
Into year end with only 5 weeks left, it's highly likely that the Trend Trade will be unwound, based on very large Standard deviations moves that happened yesterday in macro Space (US10Y, USD, Crude, Equities)
การซื้อขายยังคงดำเนินอยู่:
Entry 88.6 trading now 84.6 It's profitable already
Timing and target
==> Target 80 as a typical round number should be used as a pause in the downward move by the end of November or early December (before FOMC meeting ideally)
Medium term, has a potential to ultimately reach $60 by February 2023.
Timing and target
==> Target 80 as a typical round number should be used as a pause in the downward move by the end of November or early December (before FOMC meeting ideally)
Medium term, has a potential to ultimately reach $60 by February 2023.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
Target reached on short Crude, Take your profit. Expiration Monday on Crude Dec22
