My personal portfolio
Comment of the Day

February 06 2014

Commentary by David Fuller

My personal portfolio

A slightly in-the-money stop triggered on an agricultural commodity trade.

David Fuller's view

Robusta Coffee (weekly & daily) which I bought at 1825 for the March contract on the 4th of February was stopped out today at 1825, including all spread-bet dealing costs.  I had the tight stop because the US Arabica price was temporarily overextended and due for some right-hand base formation extension.  The Robusta contracts closed higher, as you can see above.  I hope to reopen a coffee long on a small pullback as it is comparatively cheap and there are weather problems for the current crops – too hot and dry in Brazil and too wet in Indonesia.    

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