corn futures trade idea – the cullen outlook – formation finder
To gain access to these charts and all of the trade ideas in full…
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder portion from June 22nd.
*** Check out some of the most recent posts here ***
https://www.danielstrading.com/author/bcullen/
Good Morning—
December CORN:
(ZCZ6)
I put the spotlight on a reversal day in the CORN market on Monday. (see the 6/20 post)
Great job to those who got involved. It is time to move your stops this morning!
Target just above the overnight high of 4.14 if you are looking for an level and stay above the highs over the next few sessions.
4.00 is not a bad objective to have heading into the weekend.
(Take the 30 cents and move on if we can get there today)
*** If you did not choose to get involved in this set-up, it is important to at least go back and check in on the pattern that was mentioned for a few different reasons… ***
- The set-ups that we see are not unique to any particular markets.
- A formation you see in one market can potentially present itself in another at some point down the road.
- It can be helpful to recognize price action when formations are happening so you can be better prepared the next time a certain set-up is noticed and pinpointed in whatever market it happens to pop up in next.
The point is though that if you notice a formation on a chart happening that you recognize or have seen before, I want you to be prepared to take action.
Check out the December Corn chart from Monday and this morning below:
Monday:
This morning:
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