This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, September 25, 2020.
Open Positions
Short the November 2020 Feeder Cattle contract from 140.200 (9/25/20). Market settled at 140.350. Marked-to-market loss of $75.
Working Orders
Buy stop for the Feeder Cattle contract on 142.800, above recent highs and the 20-day Moving Average (141.389), GTC. (Remaining Risk: $1,300, plus including commission and fees)
Buy limit for the Feeder Cattle contract on 132.025, above a potential support level, GTC. (Reward: $4,087.50, minus commission and fees)