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Home / Futures Blog / The Cullen Outlook – TRADE IDEA (Lean Hogs)

The Cullen Outlook – TRADE IDEA (Lean Hogs)

November 3, 2016 by Brian Cullen

lean hog 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 November 3rd.

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:

https://www.danielstrading.com/author/bcullen


Good Morning—

December LEAN HOGS:

(HEZ6)

After the Formation Finder on Tuesday, we are STILL banging up against the 50 day moving average in blue.

With yesterday’s strong move higher and no follow through this morning, I would like to get involved here.  The risk will be just over both the weekly highs and that 50 day…

TRADE IDEA:

SELLING to enter at 47.00 or better      (GTC)     …last traded 47.10

Risk will be the 48.50 level     …($600.00)

Objective will be the 41.00 level     …$2,400.00

(short term obj will be the 44.00 level     …$1,200.00)

initial margin is $1,320.00 per contract

*** Consider MAKING YOUR STOP A 2 LOT.  If we DO break above the highs and the 50 day, we may see some breakout price action higher.  I did a video on that strategy if you are interested in adding it to your arsenal.   Check it out by clicking this link! ***

OPTION TRADERS:  Look to BUY the December 44.00 put for 1.60 ($640.00)

Check out the trade idea in Hogs on a chart….     (click to enlarge)

UPDATE: FILLED at 47.00

hog entry
lean hog chart

Risk Disclosure

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.

Filed Under: The Cullen Outlook

About Brian Cullen

Brian’s career began working with equities and equity options at Charles Schwab. Since then he has held various positions within the financial industry, from head clerk on a high volume trading desk on the floor of the CBOE, to being a “market maker” for a proprietary trading firm in the SPX and OEX pits. Brian then branched off to expand his horizons and transitioned into the futures market as a retail broker. He was a Market Strategist for Lind-Waldock’s Private Client Group division, dealing exclusively in the commodity markets.

Brian joined Daniels Trading in early 2009 to expand his added value services as a broker, and to build his client base in new areas. With Daniels Trading’s diversified execution categories, the opportunities for Brian’s clients are endless.

Brian’s goal is to work with his clients to focus on one main principle: Staying true to the principles of successful trading.

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Risk Disclosure

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.

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