soybeans futures trade idea – cullen outlook- formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Trade Idea portion from Wednesday July 27th.
To gain access to these charts and all of the trade ideas in full the day they are released, sign up today!
Check out some of the most recent posts here:
I like the UPSIDE in beans here. I think the fundamentals are there (weather market, tight supplies in South America, important Aug month for growing, etc) but I also like the fact that we have been under 10.00 for 3 trading days and we are trying to carve out a bottom in my opinion and I really like how we held the 9.60 level from Monday’s close to Tuesday’s open with a follow through bounce yesterday.
2 ways to play this: (minis or a call spread)
mini contracts: (blue and red lines)
BUYING 2 mini contracts at 9.85 (GTC) …last traded 9.87
Risk would be just under this week’s lows at 9.50 …($700.00 on 2 minis)
Objectives would be open for now. We will likely just trail the stop order once filled.
Initial margin is $682.00 per mini
Call spread: (green lines)
BUYING the November 9.80 / 10.80 call spread for 30 cents ($1500.00) or better. Trading at roughly 29 cents now.
If the call spread dropped in value by 15 cents, I will look to exit.
The risk would be 1/2 of the premium paid or about $750.00
Check out the November Soybean chart… (click to enlarge)
Subscribe to The Cullen Outlook Product SUITE
The Cullen Outlook Product SUITE - The Cullen Outlook is for those wishing to follow the moves of a technical trader. You’ll get to look over the shoulder of a senior futures market strategist, see the market set-ups that grab his attention, and learn what he looks for when analyzing a 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.