Mid Term Swing Opportunity: Short Eurodollar

22/11/09 The Eurodollar (CME) is one of the most liquid markets in the world. It is an inverted interest rate market, meaning it cannot go past 100. It is currently at 99.735 this is as low risk as they come for a short trade with very limited further upside potential. RSI is in overbought territory. Allocate standard 5% of account to this trade. Sell at market open or around 99.735 level. For demo purposes around 7.5 contracts would equate to 5% risk of a $100,000 portfolio.

Eurodollar as of 20th November 2009