The recent trading session saw market analyst Axel Rudolph discussing various trading strategies and outcomes, which included both successes and setbacks across different commodities and indices.
One profitable trade highlighted was the soybean trade initiated in early September, with traders advised to adjust their stop-loss levels to the entry point to secure a risk-free position.
In the technology sector, the NASDAQ 100 saw a shift in strategy, with traders executing a 'stop and reverse' order and going long in mid-October, resulting in current profits exceeding 200 points.
The New York cotton market was also a focus, with analysts recommending lowering the stop-loss level to protect capital.
In the currency markets, a recent long position on the British pound against the US dollar did not yield desired results, emphasizing the importance of risk management strategies.
This week's trading opportunity is a long position in Arabica coffee futures, with analysts recommending setting a stop-loss below recent lows and projecting an upside target.
The recommendation to go long on Arabica coffee futures aligns with broader trends in the commodities market, where supply and demand fluctuations continue to influence pricing.
Traders are advised to strategically enter and exit positions, managing risk effectively while capitalizing on potential gains.