My personal portfolio
Comment of the Day

February 07 2014

Commentary by David Fuller

My personal portfolio

A slightly in-the-money stop triggered on a trade.

David Fuller's view

London sugar stop triggered – Having not purchased sugar (weekly & daily) near the low, despite mentioning it in the Audio, I protected my 3rd Feb purchase of the March contract at 426.4 with a slightly in-the-money stop as momentum carried it briefly higher.  This was triggered today at 429.8 and these prices include all spread-bet dealing costs.  I believe sugar has commenced a right-hand extension, consolidation and support building phase following its V-bottom (Type -1 low as taught at The Chart Seminar).  If so, we should see a saucering ranging phase which would produce another buying opportunity.

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