The long Soy-meal position advised in the February 18th edition crossed the profit-taking threshold towards the close yesterday. That also provoked a series of intra-day top extensions, including one at the 360 minute (6 hourly) mark. This is enough to…
The remaining half short position in May Sugar can be covered. Jun FTSE 100 futures can be sold. The partial profit-take zone is 6715.5, the stop at 7073.7. May Copper futures can be purchased.…
Japan has made a top extension and we would now advise liquidating half of the long Mar Nikkei futures position. We have a longer term bullish view on Japan and would look to find opportunities to re-buy.
The 15 day mark has been reached in the short CAC trade. No favorable trend has developed and we would advise covering at the end of today’s session. The 15 day mark for the long Nikkei was yesterday. We did…