Short Trade: CME Group Inc. (CME)– 208.38
Best Short
Trade Details:
- It is resisting around the previous support of 210 on the Daily chart.
- Trade only when it crosses below the last swing of 207.75
- If it breaks down the lower swing of 205 then you can hold this trade for the next trading sessions.
- RSI is in the overbought zone on Daily and Hourly Charts both.
- Trail your stop loss at entry price after breaking 205 levels.
- Risk Reward 1:4
- You can re-enter this trade if it hits your SL on the first try.
Trade, SL, and Target –
Entry = Below 207.75
Stop Loss = 209.50
Target = 200.72
Please note: Don’t Trade this stock if it Opens GAP UP .
Sell Trade: Archer-Daniels-Midland Company (ADM)– 87.22
Trade Details:
- Formation of Double TOP of the upper resistance levels.
- If the market sentiment is natural or negative this stock will follow the downtrend and comes back to the lower levels.
- There is more resistance levels on the Daily time frame chart on this current level.
- RSI is flat now. It may go down further.
- Trail your stop loss to the entry as it touches 86 levels.
- Risk Reward = 1:3
Trade SL and Target –
Entry = Below 86.75
Stop Loss = 87.32
Target = 85
Please note: Don’t enter into this trade if it opens and start going upward. You must wait to enter and follow the strict stoploss.
Long Trade: Prologis, Inc. (PLD) – 124.47
- Strong closes above the moving average.
- Bullish Price action with the positive market trend.
- RSI is looking bullish because it is trying to get in an uptrend above 56 levels.
- There is a high resistance zone around 128 levels on the daily charts.
- Risk Reward = 1:3.5
Trade SL and Target –
Entry = Above 124.75
Stop Loss = 123.97
Target = 127.45
Please note: Ignore this stock if it opens GAP Down because it may consolidate and hit SL.Â
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