This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on October 8, 2021.
Short the December 2021 Kansas City Wheat futures contract at 737’4 (10/08/21). Market settled at 737’4. Marked-to-market unchanged.
Buy stop for the Kansas City Wheat contract on 764’4, above a recent contract high (10/04/21), GTC. (Initial Risk: $1,325, plus commission and fees)
Buy limit for the Kansas City Wheat contract on 680’4, near a lower congestion level and the 89-day Moving Average, GTC. (Reward: $2,862.50, minus commission and fees)
Sell the March 2022 Sugar at 19.30 on a stop, GTC.
Place buy stop on 20.20, above the upper trend line and the 20-day Moving Average, GTC. (Initial Risk: $1,008, plus commission and fees)
Place buy limit on 16.80, near the recent contract lows, GTC. (Reward: $2,800, minus commission and fees)
Step into the “Spotlight”
Send questions specific to current or past trade recommendations, or any commodity related questions to firstname.lastname@example.org.
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