12 September 2009

ED Spreads : Lots of Room to Fall

  • Now at +70
  • Thus far, have only shown the weekly chart here, where support expected at +68.5. Down move from top has been smoother than expected.
  • Monthly chart has look of exponential rise which is now being reversed. Below +71.5 could see accelerated decline, as is how such sharp increases usually die (eg see Sugar currently).
  • This trade might have a lot more potential than I first thought. Step up risk levels?

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