This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, November 1, 2017.
There is a trade opportunity based on potential Pennant Formation breakout in the Soybean futures market. The Stochastic indicator is showing a change in Momentum now to the upside. The Trend Seeker is up, and with a strong ranking. The MACD indicator agrees with Trend Seeker.
Buy the January 2018 Soybean futures contract on 995’2 using a stop order, GTC.
Entry is a break of today’s high. Initial Margin = $2,090 Maintenance Margin = $1,900 Note: Thursday, November 9th, at 11.00 AM CT the Quarterly Stocks & Planted Acres report will be released.
Stop loss: Place sell stop at 980’6, below the 10/27/17 pivot point low, GTC ($725)
Target: Place sell limit at 1040’0, near recent contract highs, GTC. ($2,237.50)
January 2018 Soybean Chart from Bar Chart
You may trade the mini Soybean futures contract with an Initial Margin of $418 and Maintenance Margin of $380. The risk would be $145 and the profit would be $447.50 based on the same prices above.
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