Friday, 10 May 2013

Short 1 ICE KC Coffee July13 at 147

I am short one ICE KC N13 at 147. Commodities are down quite badly today and Coffee is finally following them. I am starting to see a M-pattern on the 15m chart , if so the first target is 144 and then 142.
With price at 147.50 I'm going long 2 LIFFE Robusta  and further 2 with KC at 148, to complete the edge.

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