This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook.
August Natural Gas
Buying off of what I believe to be strong support under a trading channel.
Consider buying off of strong support using a buy stop order to confirm continued price action to the upside. Objective would be a re-test of the recent highs while risking a breakdown under the latest low.
We have been trading in this approximate range for the past 10 months. Yesterday’s lower trade, in my opinion, gives the opportunity for entry into this market once prices re-establish in this trading channel.
Buying at 420.0 on a STOP
- Risk would be 397.0
- Objective would be 480.0
Trading the regular contract:
- risk is approximately $2,300.00
- objective is approximately $6,000.00
Trading the mini-contract: (1/4 the contract size of the regular):
- risk is approximately $575.00
- objective is approximately $1,500.00
Have a look:
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