- 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?
12 September 2009
ED Spreads : Lots of Room to Fall
Labels:
Core,
ED Spreads,
RATES
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