Eoin personal portfolio: commodity long initiated and another position rolled forward
I increased my exposure to the energy sector today by purchasing a March position in Brent Crude Oil paying $37.35 including spread-bet dealing costs. In doing so I am betting the short-term oversold condition is going to be unwound and the risk is that prices deteriorate further before finding more than temporary support.
My January platinum longs purchased on November 19th and 30th at $861.6 and $832.1 respectively were automatically sold today at $867.1 and rolled forward into the April contract with new positions purchased at $869.1 including spread-bet dealing costs.