Thursday, September 06, 2007

Commodity Update For September 6, 2007 - December Corn Still Moving Lower

It was yet another good day for me with my trade with my December 320 put option. December Corn was down 6.4 cents today to close at 339.2. My option ended the day priced at 10 cents or a value of $500. At this point I have a profit of $125.00 before commissions. Now the next test will be whether Corn can break through the next support level at 333.

To take a look at all my trades, please go to www.mylearn2trade.com.

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