soybeans 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 the morning of Sept 26th.
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FORMATION FINDER:
Good Morning–
November SOYBEANS:
(ZSX7)
We had an ‘Inside Day’ yesterday (Bearish Harami)
I like the idea of SELLING here at 9.65
Targets will be 9.50 and onto 9.30
Risk will be just over the overnight high at 9.75
I will be looking for the trendline “bear flag” to break…
and the 20 day moving average comes in at 9.62 if you wish to be conservative and wait for both of those to break first
*** Mini contracts are available and are 1/5 the size of the standard (XBX7) $10.00 per penny move ***
Have a look at the Soybean chart this morning…
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