wheat 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 portion from Feb 9th.
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TRADE ACTION:
Good Afternoon—
May WHEAT:
(ZWK7)
Let’s take a look this trade that you hopefully got involved in late last week.
We were buying on the breakout above the flat top triangle near 4.52
…last traded 4.68
If you got involved in this Formation Finder opportunity, great job!
It is time to reward the market by moving your stops, selling a call, taking profits or checking in on any call options purchased.
I had some thoughts on getting involved…
Take 5 minutes and see if I can offer up some help to those who might be looking for it while we update this trade.
As always…the Formation Finders and Trade Action Videos give you the levels where I believe trade opportunities exist. Period.
Click on the chart below for my AUDIO commentary
(don’t forget…you should make it full screen for the best view)
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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.
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