September FEEDER CATTLE: (GFU5)
I am looking for this triple bottom to hold once again while risking 1.50 just under the most recent low points.
BUYING at 206.00 (GTC) …last traded 207.00
- Risk will be the 204.50 level …($750.00)
- Short Term Objective will be the 210.50 level …$2,250.00
- Objective will be the 214.00 level …$4,000.00
Initial margin is $2475.00 per contract
For those who may want to look at an option play…
Look to BUY the September 211.00 call for 120 points (or $600.00)
Have a look:
It may not be possible to limit losses to the exact loss limit depending upon market conditions and the possibility of limit moves.
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