Authored by Vittoria Onufrio via Halifax America

Let’s take a look at the following spread SMK18-SMN18 (Soybean meal)

TP 120 SL 120 EXIT 20/02/2018 ENTRY 6/2/2018

The Spread Indicator entered the oversold level. The indicator crossed below – 80 suggesting that the May 2018 soybean meal contract is stronger than the July 2018 contract. I would consider buying soybean meal May 2018 and selling soybean meal July 2018 before the closing of the market

My trading ideas:
Buy soybean meal May 2018 and Sell soybean meal July 2018 before the closing of the market
Profit Target $120.00 before transaction costs
Stop loss $120.00 before transaction costs

If the market does not reach either the target or the stop, then exit on February 20, 2018
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These recommendations are a solicitation for entering into derivatives transactions. All known news and events have already been factored into the price of the underlying derivatives discussed. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No representation is being made that any account has in the past, or will in the future, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future.
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