Discussion in 'Commodity Futures' started by TraDaToR, Aug 24, 2014.
I'm in the same boat with you now, short a full position.
My way of thinking on this is more technical. Basically, it has to revert at some point. I don't know if it will happen during the life of the Oct contract, or next year.... Or perhaps that fundamental??
You saw those big levels around 6.5? I guess it will hold
I think, its already reverted on longer expiry which are on lower level
Do you have any sucess with TA ?
I still dont understand why it should work and its kind of difficult to backtest TA so I never tried it.
Someone selling cocoa options? IV is way higher than historical...
Yes, this key level that is holding so far, even as feeder prices rise.
Not looking good lately...
Long Mar / Short May 15 Cotton @ -0.77
Just feeling that the current buying pressure on December will drag further spreads. Check the curve.
By the way, I had several other signals in the last few weeks but mostly in illiquid markets so I didn't post.
With the rebound off the bottom of the range and the possible top in on FCX, I will be looking to add to my position and move up stops. It will depend on tomorrow's action....
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