Trading Commodities in 2009

Both potentially poised to move higher – The top chart, softs composite has broken down trendline, cotton and coffee are looking like they will move higher. Bonds reverse today. Low volume stocks rally today, the last trading day of 2008.

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Sunday review

Here is my cotton trade reviewed, with contract note, being the largest gain so far this year. Commodity sell off in progress, so will wait and see / wait for base or support to come in before buying in again, in cotton, coffee and sugar. Newmont – is it close to a pivot point at [...]

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Cotton again

As of today total profits since 11 December are now over £3,000 (including open P&L below). Cotton trading higher, holding open, now at around 78.50, opened Friday at 74.40 (£1pp) £410 open profit. Cotton ‘limit up’ today. Coffee (KC) forced myself to close at least part of position, 2/7 closed for about £60 profit, to [...]

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Cottons going up so let’s buy some…

The back story on cotton is here, told by the monthly chart.  It went no where for 3 years (45-60 range) now its headed higher and has the built up energy of the narrow trading range to work with to power it higher. Good day for Cotton – gap up and breakout higher than previous [...]

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