This is a sample of Brian’s email newsletter, The Cullen Outlook. This is the Pre-Dawn Targeting portion for Wednesday, October 28th.
To gain access to these charts and all of the trade ideas in full…
sign up for a complimentary 30 day trial.
Time to ring the mid-week bell! We have the FOMC announcement at 1:00p this afternoon.
CHART OF THE DAY:
December SOYMEAL: (ZMZ5)
This is a basic play off of some recent support. I like the idea of going LONG if we can get back down to the 302.0 – 300.0 level. If the recent support can hold and we get the bounce we are looking for, perhaps we stay inside this channel for another week. The risk isn’t far below support, 295.0 would be plenty. For a target, look for 310.0 to start and 318.0 after that which is the top of the channel.
(see SOYMEAL chart below)
Call in or email your DT broker if these ideas peak 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!
Try The Cullen Outlook for 60 Days
The Cullen Outlook Trial - The Cullen Outlook is for those wishing to follow the moves of a technical trader. As a member of The Cullen Outlook, you’ll get to look over senior futures market strategist Brian Cullen’s shoulder, see the market set-ups that grab his attention, and learn what he looks for when analyzing a chart! You’ll also gain insight into Brian’s ideas from trade conception and entry point, to managing the trade, all the way up to trade exit.
The Cullen Outlook includes an email newsletter subscription.
The Cullen Outlook trial lasts 60 days.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.