This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, October 13, 2016.
There is a potential trade opportunity based on a Trend Line Formation in the Sugar futures market. The Trend Seeker is Up, but with a Weak ranking. The MACD and Stochastic indicators have hooked bearish. Anticipating the Trend Seeker to change to Down after a Trend Line breakout.
Sell the March 2017 Sugar futures contract at 22.50 using a stop order, GTC.
Entry is a break of the Trend Line and 10/03/16 low. Initial margin: $1,848 Maintenance margin: $1,680
Stop loss: Place buy stop on 23.65, above recent session highs, GTC. ($1,288)
Target: Place buy limit on 19.00, a potential support level, GTC. ($3,920)
March 2017 Sugar Chart
Contact your Daniels Trading broker by phone or email to place this trade.
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