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 November 6th.
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We traded this market last week on Wednesday, buying at 9.90
We were able to take 8-9 cents out of the market as it banged up against the 10.00 level and was rejected on Thursday.
The market backed off on Friday and dipped below the 9.90 level again, so….
With that same trendline still intact…LET’S TRY IT AGAIN!
BUYING this morning at or near the 9.88 – 9.85
Risk would be just under the 10/27 low of 9.81 (9.80-9.77?)
I like the idea of targeting that 10.00 resistance level again and if it breaks through, the 10.20 level.
*** mini contracts are available (1/5 the size, $10.00 per penny move) ***
We have the USDA WASDE Report on Thursday morning but plenty of time to get involved.
Have a look at the trendline we will trade to open the week…
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