Wednesday, November 25, 2009

Commodities Strong - MOS, FCX

Agriculture stocks have been strong recently and have been undergoing correction the last couple of days. In the pre-market, $USD was weak, so I was watching commodities for a bounce.


Initially I wanted to go long AGU but the overhead EMA's were too much for me. Went long MOS on the bull flag break and exited completely near $55.40.


FCX gapped up a little and the first candle saw some selling. Found support on upsloping 5 EMA and PDH. 2nd candle bullish, closing strong. Entered long a little above the 2nd candle high. Sold completely at R2 (red dotted line).

1 comment:

Unknown said...

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