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sold my long positions in Dec LC today, then took a half position short at 94. I think we may see a pullback, then a runup to fill the gap. Did spread some Jan feeders over Dec fats as well at around 6.25.

Not necessarily, as long as you know your basis it still works fine to hedge.

yeesh...Dec. Cocoa didn't even register with me today, missed a great short opportunity. A break of the recent lows would confirm, but the weekly continuous chart is showing this one could go clear down to 1400 before getting any strong long term support. Also some support at 1600, but either...

yea Shaqi...I'm hoping Cattle get up into the 96-97 area (Dec Live), I'm currently long that contract and want to reverse at that level. Waiting to pounce on feeders as well, unfortunately it looks as though they have better strength than the live cattle. Seasonal trade is lower on the...

Shaqi I'm with you on the hogs...still spreading the deffereds over the nearby and the Feb. Two days in a row now with no fill in the belly pit on an attempted sell order.....damn those boys just won't let me get short! ha ha

I exited my March Bean/Corn spread tonight at 541.00, booked a 35 cent profit, just want to take some stuff off the table right now in search of even better opportunities sometime this week, overall though, I think this spread still has more room to run, possibly up to $6 even by March, but I'm...

Looking over charts today, I'm seeing some long term support for Cotton at 42.50 on the continuous chart. I may be looking to buy the Dec at this level for a bounce, although I am holding off longing any more commodities long term until the equity markets get straightened out. In addition to...

Rtrader: its just for caroy's mock pit trading project...they are trading the price at the pump...not the RBOB...I'm not that good or lucky to still be short the real thing!

I'll have to admit i was running paper on the day. And as a local netted 39,000 for the day before i switched over and helped the Navy brokers clear their deck. I predict massive buying on the open and then who knows when the report comes out. could be bearish! the race to be flat by the...

More importantly TX how did you do in PND gasoline futures? big moves expected today. Thanks again. [/B] caroy: I need you to release some VERY bearish news today...I'm with the locals on the gas trade....net short 500 at 2.37, couldn't ever get a fill until the last trade, didn't want...

Dec. Meal looking ready to roll over here, at lest for a retracement down to 260. Having said that, I went short @ 282 this evening. Will reverse and buy it on a pullback to this area though. Also, short KCBT wheat in a range around 570, adding contracts on the overnight as I can, not...

No kidding Rtrader! Both traders in lumber must have had orders today!! lol... I exited the second part of my long Dec meal today at 287.5, did not end up buying any coffee due to weakness in commodities today. Also exited my Feb/Dec Lean Hog spread today at 7.10 for a nice $2 gain.

Thanks Rtrader...we all get lucky sometimes! I'm actually working some sell orders in lumber right now...I think it may go the way of the grains and trade two-sided for a while, so if I can knock out $10-15 bucks before the chop I'll do it. Just my thoughts. I am eying grains still on a...

Rtrader: I was trying to buy the fats/sell the bellies this morning at around $4.00....looking for a big move higher in that spread. Broker still hasn't called me back to see if he can even do it (I just changed brokers)....this is really annoying

anybody looking at the Feb Fat/Belly spread???? Looking VERY attractive here at $4-5. Got the best quote of the day (and am now worried about the guys manning the order desk at my broker) I called in to get in on the above mentioned spread...and my broker literally said "you wanna do...

Rtrader...maybe if we can hold this gap up today in lumber we'll get a nice little island reversal going for us. I could go for that...otherwise I gotta take delivery on about 2.2 million board ft....guess I could build a summer home?? :D Also, coffee has reversed nicely....I'm still...

Rtrader...I do trade the 30yr (ZB) from time to time...it has been easy money lately, short the last 3 pops to 120ish and take profits a few days later....have been taking profits too soon probably. Do you trade it outright or just look at it to aid your commodity trading?

ok...got filled on the Jan lumber @ 194, after which it immediately sold off....ha ha...oh well..guess I'll baby it till I'm sick of it.

I agree with you Rtrader...I'm still sitting and waiting for my buy points in the grains...did sell half my meal position today at 287.5..looks like I should have sold all of it.

Agreed, although I haven't ever noticed getting "stuck" in lumber, just never being able to get a fill on an entry order, whether the order be small or large. The softs are erratic...I don't like trading them as much now that they have gone electronic. As hard to believe as it is, I found it...