Eoin's personal portfolio: natural gas long stopped out at a small loss, rough rice longs stopped out at profit
Comment of the Day

August 16 2010

Commentary by Eoin Treacy

Eoin's personal portfolio: natural gas long stopped out at a small loss, rough rice longs stopped out at profit

Eoin Treacy's view In the absence of an upward dynamic to confirm the return of demand in the region of $4.25, I placed a tight stop on my long natural gas position to minimise my downside risk. This was triggered today at $4.196 against my purchase on the 11th at $4.318.

I have been trailing a stop up behind my rough rice long and tightened it this afternoon as wheat began to pull back. The stop was triggered at $10.955 against purchases at $10.53 and $10.09 on August 9th and July 22nd respectively. All prices quoted include spread-bet dealing costs.

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