Live Cattle Trade Idea – The Cullen Outlook – Formation Finder
This is a sample of Brian’s email newsletter, The Cullen Outlook from June 28th
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October LIVE CATTLE:
I like the ideas of going LONG in the Cattle markets
BUYING to enter at 113.00 or better (GTC) …last traded 113.00
Risk will be the 111.50 level ($600.00)
Objective will be the 120.00 level …$2,800.00
(short term obj is the 116.00 level …$1,200.00)
You can also consider purchasing the August 110.00 put for 1.80 ($740.00) for added protection/participation. This would be as a hedge in case we do not get the bounce we are looking for. When you can comfortably move the stop order higher, you can exit the put for a small loss.
OPTION TRADERS: Look to BUY the October 116.00 call for 1.80 points ($740.00)
Check out the October Live Cattle chart…
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