coffee futures trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder portion from November 10th.
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Good Afternoon—
December COFFEE:
We highlighted the BEARISH ENGULFING candlestick on Tuesday when we closed below Monday’s open of 170.00
167.50 was Tuesday’s closing price.
Today we formed a 2nd BEARISH ENGULFING candlestick with the close below yesterday’s open of 165.20
161.85 is today’s closing price.
The symbol for December COFFEE is KC-MZ6
The Bearish Engulfing Formation is #11 in my new candlestick guide.
- So what is it? More importantly, how do you trade it?
- What other formations should you have in your arsenal?
*** Click the link below and request your copy today! ***
How-To Guide: 12+ Candlestick Formations Every Technical Trader Should Know
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If you are involved already, great job! Is it time to add another?
If you are still interested, consider the old resistance 156.00 level as a possible target or the trendline from June (152.00?)
Take a look at this week’s price action…
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