- New Science in old markets -

A comment on sugar & soy meal.

smk14

The long Soy-meal position advised in the February 18th edition crossed the profit-taking threshold towards the close yesterday. That also provoked a series of intra-day top extensions, including one at the 360 minute (6 hourly) mark. This is enough to warrant taking the half profit immediately, as occasionally happens with fast-moving markets. If you would like to receive these intra-day signals when profits should be taken, let us know.

As a note, we advised covering the remaining half short position in sugar earlier today, without additional comment. This was not for market reasons but merely to clear space for additional commodity trades. If your portfolio has room for extra trades, you can hang on to that short sugar.