2011-05-09th (Mon)

At the end of the previous trading session I had the following positions;
Long 60 contracts Copper July 2011 with ACB of 418.07
Long 10 contracts Wheat July 2011 with ACB of 773.50

Sell-To-Close 10 contracts Wheat July 2011 at 793.00 (2011-05-09, 19:17 pm EST) for a profit.

I felt we were right at a resistance level and could bounce off down so I closed my Long position.
If Wheat breaks above I could go back in Long again.
The recent low was 738.63 on May 6th and has almost retraced the previous move 100%.

Sell-To-Open 20 contracts Silver May 2011 at 37.84 (2011-05-09, 20:12 pm EST)
Buy-To-Close 20 contracts Silver May 2011 at 37.83 (2011-05-09, 23:19 pm EST) for an insignificant profit.

I was trading Silver based on the 1-minute chart, it dropped for 30 mintues and retracted back, so I bought back my Short and closed my position.

Currently I have the following positions;
Long 60 contracts Copper July 2011 with ACB of 418.07

Copper July 2011 is currently 405.30 (2011-05-09, 23:59 pm EST)

Stay Tuned,

Jeff
(2011-05-09, 23:59 pm EST)