Live Cattle Trade Idea – The Cullen Outlook – Formation Finder
This is a sample of Brian’s email newsletter, The Cullen Outlook from June 28th
*** Check out some of the most recent posts here ***
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…
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.