Monday, 23 July 2012

Commodities: Update

Closing Wheat

Wheat is ready to close. Below shows the trade that we opened on the 11th June:

In approximately 6 weeks the price of the ETF WEAT.L has risen 43%. If you recall the wheat trade was opened here. Although wheat hasn't achieved it's full target price we have a potentially better trade available in natural gas.

Opening Natural Gas

Natural Gas has just broken it's 100 day high which potentially signals a reversal of a 4 year downtrend. The upside on this trade is very good with a price target (based on a 8 year average price data) is almost 400% above the current price.

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