Commodities Essential - September 14, 2011

News and Reaction.     

Notable commodity and market news regarding crude oil, metals, agriculture, and China … and my reaction:

Commodities Essential. 14 September 2011 

Trade Essentials.

We have a nice open gain in BOM. I think copper and base metals have further downside ahead. But let’s adjust the stop-loss on this position in the event risk appetite changes dramatically.

BOM (Last price: $12.23)

CANCEL and REPLACE your order to SELL ALL your shares of PowerShares DB Double Short Base Metals ETN, symbol BOM, at $10.53, STOP. New Price: $11.40, STOP; this order is good till cancelled.