Thursday, January 10, 2008

Commodity Update - Only Cotton Remains

Stopped out of our Short March Coffee trade today, with a loss of $236.

This string of commodity trades seems to have been purchased a bit early, so keep the Hogs, Coffee and Corn on your watch list for another attempt at going short should we get a trigger to do so.

Cotton is currently the only trade that has stood up for us and it looks like it is in the process of breaking down strong. Given this action it should be very shortly we move the stop to break-even and have a risk free trade.
We need it give the other three stop-outs.

1 comment:

Anonymous said...

Hello, I have a new blog, and would be interested in exchanging links.
I am Spanish and my blog covers the analysis of many equity markets.
I think it could be beneficial for both.


contact us:

Trend Analysis LLC Headline Animator