Hi Rich,
Good luck on your trade! FWIW, I added to my bean long on Friday and now hold 3 contracts may. If I hold it for very long, I will roll into the july.
Like I said to HG a few days ago, I think dips in the grains should be bought. Most of the grains are coming off of historical lows. Moreover, although fledgling... the trend has turned up, imo, in most grains... or at least the ones I actively follow.
Of course, I'm not smart enough to know the future, ~ggg~ and the trend the can change very quickly... so I'll just stick to the trend; since the low at the end of february... beans -and some other grains- have traced out a pattern of higher highs and higher lows, in which case it makes sense to buy the dips, imo. Talk to you later, take care
Regards,
Frank |
