Trade Spotlight: Futures – Weekly Summary: Live Cattle
This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, December 20, 2019
Sell the February 2020 Live Cattle contract at 123.750 on a stop, GTC. (Bearish Cattle on Feed report this afternoon.)
Stop loss: Place buy stop initially on 125.900, above the most recent contract highs, GTC. (Risk: $860 plus including commission and fees).
Target: Place buy limit on 116.000, between the 200-day Moving Average and 50% Fibonacci Retracement, GTC. (Reward: $3,100, not including commission and fees)
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