Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Tomorrow, May 12, 2022 is the May WASDE report and I am sure that at 12 Noon eastern when this report is released, and despite the price fluctuations from today's CPI report, there will be some volatility in the prices of commodities, Soybeans included. This is not a fundamental analysis report, it merely presents an opportunity for the short-term trader of commodity futures to use our trade idea and profit from it. Recognize always, that all we do is present ideas, and you and adult individual reading this, will use your own discretion in acting on our ideas knowing well enough that trading isn't for everyone and that you can lose more than you invest.
The trade idea represents a short in July expiration Soybeans.
Trade Entry Range: 1619~1611.25
Stop: 1630
Amount you can lose if you are stopped on 1 contract: $950
Profit Target: 1562.75
Amount you can make if you held this trade into the target: $2,425
Chart
