sugar 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 October 27th.
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Good Morning—
March SUGAR:
(SB-MH7)
SELLING to enter at 22.50 on a STOP order (GTC) …last traded 22.58
Risk will be the 23.00 level …($560.00)
Objective will be the 19.50 level …$3,360.00
(short term obj will be the 21.00 level …$1,680.00)
Traders can look to add an additional contract if trendline near 22.25 is penetrated OR wait until we break below the trendline to enter
initial margin is $1,848.00 per contract
Check out the FLAT BOTTOM TRIANGLE to target…
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