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have already began their travel to more "reasonable" 
prices.
The March [WH04] contract H&S is descriptive 
enough.
It may take more than 2 months, June contracts [WM04] may see 
the year low.
Any intermediate peak will be an opportunity to 
Short.
Intermediate troughs should be handled with care, they will 
not be that profitable.
We shall see the results of this plan in 5 
months.
Dimitris Tsokakis
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