cocoa 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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FORMATION FINDER UPDATE
Good Afternoon—
March COCOA:
(CC-MH7)
Just last week on Thursday 1/26, we pinpointed getting SHORT this market if we broke below 2140
…market settled today at 2063
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 when it re-opens on Monday morning.
If it breaks through 2060, that’s roughly 80 points ($800.00) depending on your entry, so perhaps exit there and look for the next bounce to do it again! (using May contract) You can see on the chart that while it has been trading lower…it has been back and forth on the way down.
If you missed the 1st entry last week, I think there is room for more downside. What do you think about jumping in on the next bounce?
*** Roll to the MAY contract for any NEW entries ***
— 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!
“Trade it when you see….LET’S DO THIS!”
Have a look at the chart and potential continued downside in the Cocoa market…
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