Short Jul / Long Sep Cocoa @ 15. The May contract is plunging during delivery period and it should propagate to further months.
The ICE Softs markets are a really, really good trade. I would encourage anyone to look at the major names and spread combinations. They trend really well and usually hold a trend. If you are a successful trader in another market sector - give it a go. Seriously. I've had several former grain pit traders ( who know nothing really about the ICE Soft product fundamentals ) do really well swing trading with it on price action alone. A couple of these guys have done better on Coffee, Cocoa, and Sugar electronically than they did the last couple of years in the grain pits. Although they are trading much smaller size and of course hanging on to positions for much longer time periods than they did in the pits, the ICE Softs market has really given their confidence a much-needed boost.
Yes. I have heard of a guy who solely trade cocoa( ICE and LIFFE ) and do really well. Sometimes the price action is so clear. No false signal and noise.
Well KW/ZW sure was moving nicely before I went to lunch, got back and looked like it reversed pretty quickly