Monday, January 28, 2008

Crude, Corn, Cocoa & Lean Hogs

Trade Recommendations: Buy March Crude Oil @ 88.00/Stop 85.00/Target to come later

Sell March Corn @ 505/target 475/Stop 520

Sell April Lean Hogs @ 62.85/Target Range 60.00-59.00/Stop 64.00

Move the stop in Feb Hogs up to 55.50

New Positions Only: Buy March Cocoa @ 2175

Currney Positions:Long March Cocoa @ 2025 & 2140/took a profit @ 2300 1/31

Long Dec Cotton @ 71.00/Target 85.00/Conservation Traders took a profit @ 80.00

Long Feb Lean Hogs @ 55.50/move the stop up to 57.00

Also, Long July KC Wheat/Short CBOT Wheat @ +79/Target Range +2.50-3.00

Long Feb Hogs/Short April Hogs @ -570/Liquidated April hogs @ 3.25 lose/Break even point in Feb Hogs is 59.00

The following trades from 1/31: Long March Feeder Cattle @ 105.05/Stop 103.00/Target to come later

Long April Live Cattle @ 93.80/Stop 92.50/Target to come later

Long March Crude Oil @ 90.80/Stop 88.00/Target to come later

YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.

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