Gold: $590 Feb. 4
The best trading opportunities so far in 2019 have been in oil futures. Last week was no exception, and Nat’s oil trades returned a potential profit of $560 for the week, despite being stopped out (by five cents) on Thursday.
But the trade we liked best this week was a long trade in gold futures. Nat’s inflection points are designed to indicate significant changes in market behaviour, most frequently the point where the market changes short-term direction.
That’s precisely what happened with this call.
Her entry level was hit right at the open on a massive sell-off on heavy volume. The market reversed at that point and moved up steadily into the close.
The maximum drawdown after the entry was only $70, which made it an easy position to hold, and an exit market-on-close caught most of the day’s action, and returned a potential profit of $590.
The call was posted on Nat’s website overnight, and was easily executed with a limit order set in advance. The trade was even available to Nat’s weekly members, who get a free peek at the Monday calls.