natural gas 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 VIDEO portion from this morning.
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BACK IN THE SADDLE! Let’s goooo….
May NATURAL GAS:
Is the Natural Gas market getting a bit top heavy up here? We spent the tail end of last week stuck up near the 3.20 level with very shallow trading ranges.
I like the idea of getting SHORT here (1 standard or a couple mini contracts) and risking just above last weeks highs.
I would target the 3.00 level to get started and a full retrace back to 2.80 as an ultimate objective if the weather stays mild.
Take a look at the overnight candlestick and see if you agree we are heading lower…
Trade it when you see it…Let’s do this!!!
2 contract sizes:
- GNGK7 is the standard size ($100.00 per $0.01 move)
- QGK7 is the mini contract and 1/4 size, ($25.00 per $0.01 move)
Click on the chart below for my AUDIO commentary
Subscribe to How To Guide: 12+ Candlestick Formations Every Technical Trader Should Know
How To Guide: 12+ Candlestick Formations Every Technical Trader Should Know - Senior Futures and Options Broker Brian Cullen knows that simplicity is key to navigating the markets. This guide will go over his top 12 candlestick formations. You will learn what they look like, how they are formed and how to attack the trade once they are spotted! Whether you have been using candlesticks for years or are new to candlestick formations, this How-To Guide is perfect for traders looking to learn or improve their technical trading skills.
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