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Sell Cocoa, Updates to Copper, S&P

2015-02-16_13-45-47

A formation that we often see is a return to compression where it offers another chance to enter a trade in the original direction of the break. Cocoa compressed on the 16th Jan and broke down to produce a bottom extension on the 29th Jan. Since then prices have risen back to the compression. This offers a relatively safe trade on the short side. May Cocoa can now be sold, the partial profit-take zone is 2812, the stop at 3024.

 

 

2015-02-16_13-38-26

The long Mar Copper trade has reached the 15 day timeout and this allows us to review the trade. We have not approached the partial profit-take zone so see no reason to keep this trade. The long Mar Copper position can be liquidated towards the end of today's trading session.

2015-02-16_13-35-18

A misprint earlier. The stop for the long mar s&p emini futures should be at 1940.