Eoin's personal portfolio:
Comment of the Day

November 30 2010

Commentary by Eoin Treacy

Eoin's personal portfolio:

USD/JPY long increased by 50%, rough rice long and platinum long initiated

Eoin Treacy's view I used today's Yen strength to take another nibble at USD/JPY and bought the March contract at ¥83.61.

I've been in and out of rough rice since it found support near $10 in July and have been looking for a pullback to begin to initiate longs once more. Prices encountered resistance near $16 two weeks ago and have since pulled back sharply. Commonality across the food sector remains firm and I decided to initiate a long in the January contract at $13.605.

Platinum has been a laggard among the precious metals and pulled back sharply from the $1800 level. It has steadied mostly above $1635 and with the other precious metals firming, there appears to be potential for some additional upside. I opened a long in the January contract at $1665.60.

All prices quoted include spread-bet dealing costs.

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