17 February 2011

Sugar : Fresh Short

  • Watched this from the sidelines for months now. 
  • Weekly chart finally showing signs of a possible top. Note smooth and orderly rally from May-Nov10. Then we see 3 violent tops formed from Nov10 to current and breaking on downside now.
  • Sold only 1 lot SBK1 @ 29.44. Equivalent entry point on continuation chart (front month = H1) is around 2.50 higher ie 31.94.
  • Too much on my plate at the moment. Will let this 1 lot run as a passive trade.

1 comment:

Taichiseal said...

Squared at 27.09