Market Data Trader » FDIC http://marketdatatrader.com Wed, 06 Apr 2011 20:31:05 +0000 en hourly 1 http://wordpress.org/?v=3.1 Too much, too soon: Copper and Sugar in Orbit http://marketdatatrader.com/2009/08/27/too-much-too-soon-copper-and-sugar-in-orbit/ http://marketdatatrader.com/2009/08/27/too-much-too-soon-copper-and-sugar-in-orbit/#comments Thu, 27 Aug 2009 06:10:03 +0000 admin http://beatdownthestreet.wordpress.com/?p=9 Sugar around 22.50. Last time it was at these levels was…. hmmm… looks like 1981. Sugar’s 80% increase since April has been relentless. If you’ve got the bankroll to position for this one, I’d suggest considering making an offer on this one. If it doesn’t round the corner here, my cosmic clock suggests it will happen in the next two weeks at prices lower than 25.00.

Copper: At 287 copper is looking tired. Although I wouldn’t be surprised to see some test around 302. Nevertheless, it’s a sensible person who tries to get rid of some of this at these prices.

These markets can’t stay up forever. But, I’m not to keen on being a hero. I know the FDIC report may rattle a few feathers tomorrow. But, these are strange times. All news is bad and the markets continue their ascent to the top. I think a little more optimism in the air and anguish from those who better understand the reality.

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