Our long GBP/AUD trade is playing out nicely and is at a fresh daily high. We exited half our position that was entered into in 2 tranches (at an average of 1.4860) at 1.5020 but are running the balance.
We raise our stop today to 1.5040 – just below the 3 day exponential moving average – a level that is providing good support at the moment. Next immediate target 1.5240.
Take a look at our record on the About Us page. We are in the process of seeding 3 dedicated “follow me” funds –
1. A diversifed yet concentrated Oil Explorers fund
2. A diversified yet concentrated Natural Resources fund and
3. A Special Situations/Global Macro fund.
If you would like details on this unique “follow me” system and how you can gain exposure to these funds ahead of an official launch, email us at editor@spreadbetmagazine quoting “FOLLOW ME”.