Futures Commentary and Analysis

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Trade Spotlight: Futures (Mini Silver)
Don DeBartolo - IF - Fri Apr 28, 9:20AM CDT

This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, April 20, 2017.


There is a trade opportunity based on a trend line breakout today in the Silver futures market. Looking to trade the mini contract for reduced risk and margin. The MACD and Stochastic indicators are both bearish even if Trend Seeker is still up, though with a weak ranking. Anticipating a change in Trend Seeker as the 20-day Moving Average is converging with the 50-day Moving Average.

Sell the July 2017 mini Silver (YIN7) at 18.150 using a limit order, GTC.

Initial Margin = $1,540 Maintenance Margin = $1,400

If filled:

Stop loss: Place buy stop on 18.400, above the recent highs and Moving Averages, GTC. (Risk: $250)

Target: Place buy limit on 17.000, the first point on the trend line and potential support level, GTC. (Profit: $1,150)

July 2017 Chicago Wheat Chart from Bar Chart

Contact your Daniels Trading broker by phone or email to place this trade.

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Risk Disclosure

STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

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The post Trade Spotlight: Futures (Mini Silver) appeared first on Daniels Trading.


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