My personal portfolio: Soybeans sell stop triggered; crude oil long sold; corn long reopened; platinum purchased
Comment of the Day

September 29 2010

Commentary by David Fuller

My personal portfolio: Soybeans sell stop triggered; crude oil long sold; corn long reopened; platinum purchased

David Fuller's view I gave up some profits as my in-the-money stop in soybeans (weekly & daily) was triggered during a reaction this morning. Consequently, my two equal-sized November longs were sold at $1085 against my purchases at $10.371 and $10.498 on 10th and 17th September, respectively. I may repurchase as the base formation is so promising.

This afternoon I took more profits in crude oil (weekly & daily), selling my November longs at $77.405 and $77.42 against my purchases at $76.645 and $76.01 on 15th and 21st September, respectively. My strategy is to buy crude oil on easing within the range and to take profits on rallies.

This evening, I repurchased corn (weekly & daily) on the close, paying $5.061, slightly less than where I last sold, for another December position. This is not a large positon as corn has had a very strong move recently.

I also bought platinum (weekly & daily), paying $1656.5 for a January position.

These prices include spread-bet dealing costs.

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