This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is the Pre-Dawn Targeting portion for Tuesday, July 28th.
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Turn-around Tuesday in full swing for stocks and grains! It is already setting up to to be an exciting day with alot of action across the board. Get your hard hat on and let’s get to work!
Positions we have on:
LONG September Kansas City Wheat vs SHORT September Chicago Wheat from 8 cents
SHORT the December Soymeal from 3.48
September T-BONDS: (ZBU5)
The Bond market has been on a tremendous run the last 2 weeks. From near the lows of 149’00 to this morning at 154’23. It has been turned away the last 2 times it has been at these levels. Nothing is guaranteed that it will fail again but I like the idea of getting short up here now that we are below 155’00. I think ½ a point ($500.00) or so is plenty of room to see if we got it right, while looking for a target area of 152’00 – 151’00 is not out of the question.
September mini-NATURAL GAS: (QGU5 is the mini)
(mini contracts are ¼ the size of the standard)
We are back to this 2.80 level and I like the idea of buying here into this level to see if we find support based off of yesterday’s price action.
Using 2 mini contracts to get started, the stop could be at 2.70 (risking 10 cents on 2 or $500.00). Adding a mini contract if we get the bounce that we are looking for above 2.87 is a good idea and then another above 2.95 would be something to consider as well.
September BRITISH POUND: (6BU5)
Have a look at the trendline that we bounced off of yesterday! I like the idea of getting long on that trendline hold. If we could trade a bit closer to 155.50, that would be great! The risk would be a break of that trendline or about 100 points, say 154.50 Look for a target area first of 157.00, this would be a great spot I think to add a contract if you like and see if we catch a move possibly onto 159.00 if momentum gets going. Plan B: If the trendline fails to hold, we can look to reverse and see if we catch a break lower?
Call in or email your DT broker if this idea peaks your interest or if you have another idea on your mind…
If you are currently NOT a Daniels Trading client, this is the place to be!
You may not scan each market sector every day looking for technical set-ups and formations, but I do!
The Cullen Outlook has something for broker-assisted and self-directed traders alike.
Call in today and let’s get started.
Have a great day!
LET’S DO THIS!
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Learn Futures Technical Analysis from a Pro with The Cullen Outlook
The Cullen Outlook is a futures trading newsletter for those wishing to follow the moves of Brian Cullen, an experienced technical trader. He’ll identify charts setups, provide direct trade recommendations and plans, and share other useful insights to help you become a better technical trader.
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