THIS COULD BE NOTHING MORE THAN A RE-TEST OF THE BREAK OUT, BUT KEEP YOUR STOP JUST BELOW THE BREAK OUT POINT JUST IN CASE IT IS SOMETHING OTHER THEN A RE-TEST.
LUMBER IS STARTING TO COME TO LIFE AND IS REACHING A POINT TO WHERE WE CAN MOVE THE STOP UP TO BREAK EVEN.THIS WAS THE AGGRESSIVE PLAY.
THE CONSERVATIVE PLAY IS STILL FLAT AWAITING A PULLBACK IN ORDER TO GO LONG.
SUGAR HAS GOTTEN ABOUT AS CLOSE AS IT COULD TO STOPPING US OUT, BUT WE ARE STILL HANGING ON BY THE SKIN OF OUR TEETH.IF WE CAN MANAGE A LOWER HIGH, LOWER LOW AND LOWER CLOSE TOMORROW WE SHOULD BE SET UP FOR LOWER PRICES AGAIN.
COTTON CONTINUES TO BE OUR STAR OF ALL THE TRADES.
WE CONTINUE TO MOVE THE STOP DOWN TO LOCK IN MORE PROFIT AS THE PRICE RETREATS.
WE ARE SHORT FROM 72.00 AND SITTING ON ABOUT A 125% R.O.I.
KEEP MOVING YOUR STOP DOWN AS THE TRADE GOES OUR WAY.
LET THE MARKET TAKE YOU OUT.
ALL IN ALL, THE TRADES ARE DOING QUITE WELL.THE EXCEPTION IS SUGAR, BUT IT DOES HAVE A CHANCE HERE IF IT ACTS ACCORDINGLY.
I HOPE SOME OF YOU ARE GETTING A SLICE OF THE COTTON TRADE.
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