Week 6
by jose ramos bouille
Hi!,
This week I traded Cacao. I went short because I saw the price going up and fortunately it continued like that although at a slow rate so I think that is a signal I should offset this position soon by going long.
On the other hand I had some contracts of orange juice that hadn’t liquidated. Orange Juice price had started to decrease very fast and indeed the profit I had made there had vanished completely. I didn’t get rid of that because I was very busy this week. However, when I checked today, the price started to trend up surprisigly, so I recovered my profit.
José