Spikes - 5/3/2025 14:55

Thanks for responding, Oh yeah, there is nothing wrong with protecting prices. I've been helping a guy out with hedging on his operation and was wondering what you were seeing... We're using Socrates for entering or exiting any trades. We are currently at some bullish reversals here on the Monthly chart, in the Aug contract, ranging from 297.28 to 307.85. Which you could try a short off these lines. You would protect with stop loss on a close above the lines, any close above will continue the trend up. We just cleared a bunch of monthly bullish reversals on the close of April, so this is a pretty strong market here. On the monthly level the closest turn dates are in Jan. and Feb. The array is suggesting a turn in June, then another turn in July to continue the move up. We also are seeing a divergence in the Energy Model, where it peaked in February, this is telling us that the rally may not be able to continue for very long and we may see the market move down and test support. We don't do margin calls...we exit if the market looks like it will turn against us at any bearish reversal or any close above a bullish reversal. 

We also hedge Fats, were not seeing any major top formations here, but we may get a pull back for both these markets.

Good luck with your trades,

Spike