My personal portfolio: A long trade opened in crude oil futures; details of my recent Atlantis fund switch
Comment of the Day

August 25 2010

Commentary by David Fuller

My personal portfolio: A long trade opened in crude oil futures; details of my recent Atlantis fund switch

David Fuller's view Crude oil looks oversold following tracker fund liquidations and lower demand from the USA. It is also near prior support. While crude oil has yet to reaffirm prior support with an upward dynamic, I decided to anticipate a bounce and paid $70.915 for an October contract, including spread-bet dealing costs of 6¢. Given the late bounce I am now protecting this position with a breakeven stop.

Here are the details for my Atlantis fund switch, which arrived while I was away last week:

Atlantis New China Fortune Fund sold at$1.48
Atlantis China Healthcare Fund purchased at $1.049

My costs were standard brokerage commissions which I regard as good value for the service provided.

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