Eoin's personal portfolio a commodity long opened and one increased
Comment of the Day

January 13 2016

Commentary by Eoin Treacy

Eoin's personal portfolio a commodity long opened and one increased

Eoin Treacy's view

I have been watching sugar for some time and but did not open a long until now as I had been hoping for a pullback. It might yet pullback but I thought the potential for prices to rally further from here outweighed that risk. I bought a March contract paying $423.6. 

I also increased by gold position buying an additional February contract at $1090. The risk is that prices fail to continue to find support above the short-term range. 

All prices include spread-bet dealing costs. 

 

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