Hopefully tomorrow the glut in cheap food and their surpluses...Feed Grains, Soya and Milk (Chinese over supply limited demand). This depends on a number of factors but may have to be put back to another day (read as never judging by past performance). There's likely to be some global intolerance both for gluten and lactose (poor I know).
Oil's bounced with par trading between Brent and WTI, the game of chess is afoot. One would be wise to consider longs as higher risk but with significant reward if one catches the knife correctly. Significant interest in 2015 December Brent Futures circa $57.20/bbl. Floating storage? Oil to Asia, components and exports to America and Europe whilst the routes are cheap.
Today it was rude not to sell Bowleven (BLVN) and Greggs (GRG), whether this over time proves right, its something that I don't look over my shoulder at but will review. Having ridden the wave and made an paltry profit on the long BLVN trades I have little patience for it in the current climate. Greggs's only justification is on the news...
We should spend a moment in silence for those copper traders in denials about the price with limited time left before their positions need a resolution! A key price was hit today.
Very long day, Atb Fraser
