Saturday, 27 June 2009

Cable biding time before BO


Hi,

I expected a BO this week passed, another downleg ensued into the range.

I bought well, closely near the bottom of the range which lead to good results.

At 1.6238 and unloaded in and around 1.6380 -1.6400.

Of the return this yielded, I returned 25% on Friday pre-emptively trying to chase
the BO that did not materialise on Friday.

I have a feeling Monday may be it but have felt almost as convinced before although
this is the highest degree so far.

SoyBean Meal July has rebounded I have kept losing short position as I believe it is very close to
its secondary peak given the extent of its move.












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