Thursday, December 4, 2008

Gold and Sugar

Gold came right back down as you know if you're watching the markets.  Same trade basically from the last couple days still applies although I feel we're pressing our luck in front of tomorrow's unemployment news.  However, there is a signal to buy 764 with a 7.00 risk and a  14.00 target.

Also,  sugar has broken substantially from recent consolidation and is now set for a short term reversal.  Buy March sugar at 10.80 with a 30 point stop and 11.40 target.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results