This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is the Pre-Dawn Targeting portion for Thursday, November 12th.
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Good Morning—
CHART WATCH! Webinar Wednesday was yesterday. If you missed it, be on the lookout for the next one coming soon!
5 markets that I want to put on your radar as we head into the 2nd half of the week.
*** For all broker assisted clients If you need any help entering these trades or you want to further discuss these ideas, contact your DT broker for assistance. For all self-directed clients, feel free to enter when ready ***
December BONDS:
After breaking trendline support mentioned in the last Pre-Dawn, here we are now at another level of support.
This one I would like to take a shot to the upside. We have spent this week consolidating and forming a small pennant.
I think getting involved anywhere near 152’00 is a good idea. The stop would be relatively close, just under Monday’s low.
If you are looking for a low risk/low reward type trade, look for the 153’00 on a possible bounce and quick exit. For a longer term trade, I think you can look to add a contract if we break above the 153’00 and turn your attention to the 155’16 level
December CANADIAN DOLLAR:
This market looks as if it is trying to carve out a bottom here. I like the idea of buying it here near the 75.25 level. I drew a small trendline that has just started to show up. I would like to see if we can piggyback this trendline up to 76.50 to get started. 77.75 would be a re-test of recent highs.
The risk would be just below this congestion and recent lows of 75.00 (74.75?)
Sidenotes:
Pay attention and look to get involved in these 3 markets and levels as well…
- 2063.00 level in the E-mini SP (buy it if we bounce?…support doesn’t hold, we break lower?)
- 43.00 level in CRUDE (buy it if we bounce?…support doesn’t hold, we break lower?)
- 4.92 level in Chicago Wheat (we have a 2 month trendline that we are sitting on right now)
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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.
Have a great day…finish the week strong
LET’S DO THIS!
BC
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