Wheat

Friday  29 November 2013

Sell the 2 lot Mar wheat position at market, [668.5]

27 Nov – Buy 665.5
29 Nov – Sell 668.5

Gain = 3 cents, $30 less $15 commission per contract

There has been some price rejection at the 670 area, as we
anticipated a few weeks ago.  It may, [or not] hold, but the
re-entry is just slightly lower, so risk/reward is not as
favorable.  670 had been the initial price objective.

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