kansas city 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 November 17th.
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March KANSAS CITY WHEAT:
Let’s get ready for Sunday night and Monday morning…
Who bought the low in this market to EXIT yesterday and last night after selling it on Tuesday??
You did I hope!
The last 3 days lows are 4.34, 4.34 and 4.33 3/4
I believe it is time to turn our attention to a possible bounce off this double bottom.
I am not looking for a homerun on this trade but a single or double would be nice to start a Holiday shortened week!
How about these levels for entry, stop and targets?
Enter at the 4.38 level
Risk the 4.30 level
Objectives will 4.50 and 4.60
Tweak the levels if you like…but TRADE IT WHEN YOU SEE IT!!!
Have a look at the double bottom in KC Wheat….
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