Gold, Oil & Indices (Equity & Bond Indices)

@Qiman I have been following Sugar and Cocoa ( the london contracts) closely over the last few weeks and both have been a one way bet recently. The move in Cocoa on friday was quite large

Wasn't sure where to put this article, but since it is about a commodity here it is. I follow other commodities as opportunities arise, and this is a very interesting development:

Mystery trader buys all Europe's cocoa
Even Willy Wonka might struggle to use this much chocolate. Yesterday, somebody bought 241,000 tonnes of cocoa beans.

It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years.

The cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the commodity in Europe, and would fill more than five Titanics. They are worth 658 million.

Analysts said it was very unlikely that a chocolate company, such as Nestle or Kraft, or even their suppliers, would buy such a huge order in one go and that is was probable that one or a number of speculators, possibly hedge funds, had attempted to corner the market. By doing this, they would have control of the entire supply in Europe, forcing the price yet higher
http://www.telegraph.co.uk/finance/markets/7895242/Mystery-trader-buys-all-Europes-cocoa.html

erratum

73sih

@Said can't say I know about the Saxo bank chart but what I see on my chart is support around 75.4 in the Aug fut. Personally looking for another shorting opp around 78

Short CL covered @ 75.5