This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on January 07, 2022.
Open Positions
Short the February 2022 Live Cattle contract from138.650 (11/04/21). Market settled at 137.325 Marked-to-market gain of $520.
Working Orders
Buy stop for the Live Cattle contract on 138.95, above recent session highs, GTC. (Remaining Risk: $120, plus commission and fees)
Buy limit for the Live Cattle contract on 135.650, above the number two point of the formation, GTC. (Reward: $1,200, minus commission and fees)
Closed Positions
None.
Step into the “Spotlight”
Send questions specific to current or past trade recommendations, or any commodity related questions to tradespotlight@danielstrading.com.
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
