Oil was higher by2% today and it looks as if prices are on their way to $74. We are holding December $75/80 call spreads for clients. Natural gas was higher by 9-13% today depending on the month. We advised clients to lighten up and take partial profits on their November and December call spreads. We feel there is more left but prices may have moved too far too fast. In  the words of Buffet you do not go broke by taking a profit. I will be the first one to admit I leave a lot of money on the table for customers( just look at gold and silver which we left 1/2 weeks ago) but what is more important to me and them is taking small pieces as opposed to the whole pie. The more time we are in cash the less money we can lose. The Euro-currency has been higher for 8 days running now. We have clients short put spreads and are currently under water. We suggest holding this position for now. Another winner in softs as we advised clients to exit their recent OJ option purchases and to trail stops up on their futures. January $1 calls were sold for just under $1700 today. See previous pots for trade recommendation. Sugar was higher by 3% today , we are looking for a move to 25/26 cents in the March 10' contract. Gold may make a new record high in coming sessions, this will be without our clients. We are expecting a major setback in precious metals very soon. Continue to fade rallies in the Euro-dollar. The livestock complex was relatively uneventful, look for our specialty article on  cattle in coming days. We are looking at approaching March 10' oats from the long side, stay tuned. Off to Las Vegas for a few days to do some real gambling. See you next week.

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Risk Disclosure: The risk of loss in trading commodity futures and options can be substantial. Before trading MB Wealth recommends that you should carefully consider your financial position to determine if commodity trading is appropriate for you. All funds committed should be purely risk capital. Past performance is no guarantee of future trading results. There are no guarantees of market outcome stated, everything stated above are our opinions. Calculations of profit and loss have not factored in commissions and fees.