crude oil futures trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Trade Idea portion from October 11th.
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November CRUDE OIL:
We have traded higher 8 of the last 9 trading sessions. Up $6.00 during that time. I would lie to be involved in the retracement but, as always, timing will be key. If we start to trade below $51.00 today, this will be my trigger price.
There are 2 contract sizes you can trade, the newsletter will be using a mini
Standard (GCLX6) …$1.00 move = $1,000.00
Mini is 1/2 the size (QMX6) …$1.00 move = $500.00
SELLING 1 mini to enter at 51.00 on a STOP order (GTC) …last traded 51.30
Risk will be the 52.25 level …($625.00)
Objective will be the 45.00 level …$3,000.00
(short term obj will be the 49.00 level …$1,000.00)
initial margin is $1595.00 per contract
SOLD to enter at 51.00
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