This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook, published on December 17, 2012.
February LEAN HOG
SELLING at 85.40 on a LIMIT order (GTC) …last trade 85.15
- Risk will be above the recent high of 86.40, …($400.00)
- OBJ will be the recent low and near 50% retracement level of 83.40 …$800.00
It may not be possible to limit losses to the exact loss limit depending upon market conditions and the possibility of limit moves.
Have a look:
The risk of loss in trading futures contracts or commodity options can be substantial. View the risk disclosures below.
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This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
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