This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight:Futures, published on Thursday, June 02, 2016.
There is a trade opportunity based on a potential M.E.T. breakout in the Feeder Cattle market. The MACD and Stochastic indicators have hooked bullish. This trade is in line with the seasonal tendencies of this commodity.
Buy the August 2016 Feeder Cattle contract on 148.600 using a stop order, GTC.
The entry is a break of the 5/31/16 high (148.550) and 50-day Moving Average (148.340). Initial Margin = $3,713 Maintenance Margin = $3,375
Stop loss: Place sell stop at 146.700, below the 5/31/16 low (146.750) and below the 20-day Moving Average (146.869), GTC. (Risk: $950)
Target: Place sell limit at 156.600, a potential resistance point, GTC. (Profit: $4,080)
August 2016 Feeder Cattle Chart
Contact your Daniels Trading broker by phone or email to place this trade.
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