Commercial Traders Defend Cocoa at $2400.
Commercial traders rule sideways market. Three wins in a row. Will it be four?
We often talk about the Commercial
Traders’ ability to define value as markets meander. The cocoa futures market
has been an exceptional example over the last few months. The market has
basically, gone nowhere. Fortunately, we’ve been able to pick up three
succesful trades by following their ideas on overbought and oversold markets. Let’s
see if we can make it four in a row. We are selling September Cocoa futures and
placing our protective buy stop above yesterday’s high of 2375.
Please calll with any questions.
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| Three winning trades in a row in cocoa futures. |
ANDREW WALDOCK
866-990-0777
This
information is not to be construed as an offer to sell or a solicitation or an
offer to buy the commodities herein named. The factual information of this
report has been obtained from sources believed to be reliable, but is not
necessarily all-inclusive and is not guaranteed as to the accuracy, and is not
to be construed as representation by Commodity & Derivative Adv. The risk
of trading futures and options can be substantial. Each investor must consider
whether this is a suitable investment. Past performance is not indicative of
future results.
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