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Tuesday, July 3, 2012

July 3rd

Morning all

Well as you can see the markets are trading markets ..
Oil... I got stopped out just below entry which was disappointing but thats the way it goes.
As for the market I am holding short from 1359.50..
Regardless of what happens today please make sure that you do cover all short trades today on the close.
Today is a full moon and as some of you know full moons bring out bottoms or tops.
I'm thinking that today could be a bottom and thats why I will close my shorts out today.
I wont go long tho as a closed session and at the mercy of Europe isnt a good thing.

Those who have brought grains when I mentioned some weeks back I think its time to take profits and wait.
Same with coffee also .

Cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.

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