This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on July 30, 2021.
Long the September 2021 Japanese Yen on .90880 (7/09/21). Market settled at .91135. Marked-to-market gain of $318.50.
Short the October 2021 Lean Hogs at 89.500 (7/29/21). Market settled at 88.025. Marked-to-market gain of $590.
Sell stop for the Japanese Yen contract at .90610, below Tuesday’s low and the 20-day Moving , GTC. (Remaining Risk: $562.50, plus commission and fees)
Sell limit for the Japanese Yen contract at .92440, a potential resistance level, GTC. (Reward: $1,950, minus commission and fees)
Buy stop for the Lean Hogs contract on 92.400, above yesterday’s session high, GTC. (Initial Risk: $1,160, plus commission and fees)
Buy limit for the Lean Hogs contract on 80.900, the number two point, GTC. (Reward: $3,440, minus commission and fees)
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Beyond the Spotlight
Watch your inbox Monday mornings for the Beyond the Spotlight video that will “spotlight” two to three markets that may setup as trading opportunities for the week ahead. You may also view the videos here: https://www.youtube.com/user/dtDeBartolo