corn 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 August 16th.
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Now that we have the August WASDE report behind us, I would like to BUY CORN.
Below there are 2 different ways to do this:
BUYING to enter at 3.35 (GTC) …last traded 3.37
Risk will be the 3.20 level …($750.00)
Objective will be the 3.70 level …$1,750.00
(short term obj will be the 3.50 level …$750.00)
For added protection and possible participation…
Look to the December 3.20 put for 8 cents
Check out the December 2016 Corn chart…
December 2016 vs December 2017
(ZC FTS +Z6,-Z7)
BUYING the December 2016 contract
SELLING the December 2017 contract
40 cents to the SELL side
Risk will be the 50 cent level …($500.00)
Objective will be the 16 cent level …$1,200.00
(short term obj will be the 28 cent level …$600.00)
Initial margin for this spread is $770.00
Check out the Dec16 / Dec17 spread chart…
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