Eoin Treacy's view IAMGold fell abruptly yesterday to test the psychological $20 area which also markets the upper side of the previous yearlong range. It opened higher today and I increased my position by 100% paying $20.55 for another June contract. This is a medium-sized position for me, since my initial purchases were relatively small. I continue to believe the share has solid medium-term upside potential.

Some Asian markets have become oversold in the short-term and are beginning to show signs that they are finding support in the region of their 200-day MAs. I opened longs in March contracts for both the Nikkei-225 at 10,517.5 and the Taiwan Index future at 307.8. All prices quoted include spread-bet dealing costs.