WITH gold trading at $1,246, it feels like it has already had most of its upside factored in. Silver looks much more attractive at $19.72, which is well off its highs of $21.35. WorldSpreads offers a $19.71-19.74 spread.
It has been a difficult time for food delivery firm Ocado since its flotation, with shares falling below 150p – a far cry from the intended price range of between 200p- 275p. But could tomorrow’s results change its fortunes? Spreadex has a September Ocado contract with a spread of 153.8p- 155.7p.
After hitting nine-month highs of $1,081 in Mid August, Soybean Futures have pulled back towards their 90-day exponential moving average. We may be seeing a head and shoulders pattern forming on the daily chart, with the neckline around $1,000. Look to sell around $1,025 for a break below $1,000 with a $930 target. Spread Co offers a $1,024.9-$1,025.9 spread on the November contract.
Despite the catastrophic oil spill that stands to cast a shadow over BP for some time yet, the market remains impressed by the company’s response to the disaster. Shares are once again testing territory above the 400p mark, but this remains a long way off the highs reached before the Deepwater Horizon oil rig explosion. The current IG Index price is 399.6p-400.5p.