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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday 21 August 2010

Coffee breakout



I haven't been following coffee that closely but noticed this major breakout today.Cocoa broke lower today and we have been bearish but the coffee breakout suggests the need for caution as they often (not always) move together.Stops on short cocoa positions should be no higher than just above last week's highs (not intended to be trading advice,just technical observation)
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