Eoin Treacy's view I placed a breakeven stop on my Dow Jones Industrials short this morning on seeing it move briefly into profit. This was triggered around lunch time at 12,220 against my sale at 12,230 yesterday. I reopened the trade this afternoon, selling another May contract at 12,200.

On seeing just about all of the grain and bean contracts moving limit down, I began to look around for other commodities that have become overextended relative to their 200-day MAs. Arabica coffee has had a very impressive run to date and while still relatively consistent, it is quite overextended. I shorted a May contract at 274.05¢.

Crude oil has been extremely volatile over the last few days and depends on the Libyan crisis deteriorating further to push prices higher in the short term. I decided to take my profit in the WTI crude May contract this afternoon as it pulled back from its intraday peak, selling at $96.61 against my purchase yesterday at $95.395. All prices quoted include spread-bet dealing costs.