On CNBC's "Futures Outlook," Bill Baruch of Blue Line Futures spoke about the U.S. Dollar Index, which showed some strength this week. He noticed that it recently broke below a trendline from 2011 and now the trendline has become resistance.
Baruch wants to sell the June futures contract of the U.S. Dollar index at 92.25. His target price is 88.25 and he would place a stop loss at 93.25. At these prices, he is risking $1,000 to make $4,000.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in