Sell opportunity in Corn calendar spread

in corn •  7 years ago 

The spread:
corn7.png

Its 5-10-15-20-30 year cycles seasonality:
corn8.png

Cot :
extended spread between commercials & speculators, also underlier is extended & its price starting to retract. corn1.png

Forward curve:
corn5.png

Volume analysis:
the volume profile is getting thin @ these level, not much volume traded relatively to lower prices
corn6.png

Historical price action of the spread : corn2.png

Backtesting of the spread: corn3.png
corn4.png

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