coffee future trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder UPDATE portion from January 26th.
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Good Morning—
March COFFEE:
(KC-MH7)
On Thursday afternoon 1/26, we pinpointed getting SHORT this market if we broke below the 151.00 area (view that video if needed) “Nothing like a Coffee trade on a Friday!”
Today we got the move we were looking for. Hopefully this market is just getting started with a lot of room to run lower in my opinion. Trying to break thru the 20 day moving average in blue on the chart before attacking the 50 day in red
…last traded 147.60
If you got involved in this Formation Finder opportunity, great job!
It is time to reward the market by moving your stops, selling a put, taking profits or checking in on any put options purchased.
If you are a client of mine, call in to discuss all of these possibilities
*** If you are having difficulties getting involved in this or any of the Formation Finder trade ideas…call me up and let me know…we can discuss that too! ***
If you missed the 1st entry last week, I think there is room for more downside. What do you think about jumping in here? Or adding a 2nd contract if already involved?
“Trade it when you see….LET’S DO THIS!”
Have a look at the 2 charts and potential continued downside in the Coffee market…
Thursday afternoon:
This morning:
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