Thursday, August 16, 2007

Commodity Update

SUGAR - Stopped out of the long position at 9.20 Loss of $275 per contract

LUMBER - Steep decline in Lumber today and takes the price to only 50 cents from our break even stop at 2.74

COTTON - Stopped out of the Aggressive Long position at 59 even. Loss of $1100 per contract and exactly why this was an aggressive trade. We continue to look for a final rally to new highs in order to put a low risk short into play.

SOYBEANS - Huge decline in the beans today. We are short from 8.70 1/4. Move the stop to break even.

CORN - Remain short off the long term sell signal.

CRUDE OIL - New Sell Signal today, Short from 71 even with a close 50 cent stop.

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