Friday, July 6, 2012

Commitment of Traders Defending Cocoa Resistance

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.



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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