Eoin Treacy's view

Short-term overbought conditions are now evident on a number of financial instruments and I feel like I’ve been rewarded for being resilient by holding on through some substantial pullbacks. I decided to take the profit in white sugar today in anticipation of some consolidation of recent powerful gains. 

I originally bought White Sugar on January 13th at $423.9. This was rolled forward at a loss into the May contract at $380.24 on February 2nd and I sold it today at $438.1 including spread-bet dealing costs for a net profit. I fully intend to buy it back on a reversion back towards the mean if that occurs. 

I also decided to take a profit in silver and sold the May contract at $15.43 against my purchase at $14.95 on February 29th.