Commodity Update For July 23, 2007- Open Order In Sugar Filled.

Today, I was finally able to get into the sugar market. As of yesterday, price had moved up as high as 10.52. Today, prices pulled back as low as 10.23, which is near a support level. So, I put in an open order to buy one October 10.50 call at 30 points or less. My open order got filled at 30 points. My expectations are for this market to go to 11.00 and look to liquidate my option at that point.

For a look at all of my trades, please go to www.mylearn2trade.com.