This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Trade Idea portion from March 15th.
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Using the mini contract which is 1/5 the size of the standard contract. ($10.00 per penny move vs $50.00)
I like the idea of selling this bump up against 9.00 while risking just over the late 2015 high of 9.17
More aggressive traders can trade the standard contract (ZSK6) and consider buying the May 9.20 call for 6 cents to add some additional protection.
SELLING 2 mini contracts at 8.95 (GTC) …last traded 8.92
Risk will be the 9.20 level …($500.00 on 2 minis)
Objective will be the 8.40 level …$1,100.00 on 2 minis
(short term obj wil be 8.65 level …$600.00 on 2 minis
*** Look to add a 3rd contract if we break below 8.85 level ***
initial margin is $330.00 each mini
For those who prefer option trades, the May 8.90 put can be purchased for about 13 1/2 cents ($650.00)
Have a look:
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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