sugar 8/21
The sugar market has fallen hard and fast lately. The rock-bottom area of support is in the 11c ballpark, but there are no guarantees the market can make it that far. I'm becoming increasingly defensive of this position because of the possibility for a hard and sharp recovery. Even if that bounce doesn't stick, my preference is to have a clean exit before hand and possibly re-enter on the short side. Some people would argue that I should stick to stop-setting in the upside resistance levels, but a trade with this accelleration and velocity potential is beginning to come up and gasp for air at some point. My trailing buy stop will be close behind market action.
posted by jared @ 4:10 AM
0 Comments:
Post a Comment
<< Home