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 portion from February 12th.
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March NATURAL GAS:
- standard: GNGH8
- mini: QGH8
Look at the past 2 days candlesticks….and the DOUBLE BOTTOM
On Friday we trade sharply lower on the day and close NEAR the lows.
Yesterday we GAP OPEN LOWER, try to trade higher (which means buying interest is there) and close right where we opened.
Today…we are trading higher….so I want to give the BUY another go
RSI signaling possible oversold levels.
BUYING 2 minis at 2.60
Risk will be 2.50 ($500 on 2 minis / $1000 on standard)
Targets will be 50% retracement level of 2.90 ($1500 on 2 minis / $3000 on standard)
and onto full retracement 3.20 ($3,000 on 2 minis / $6,000 on standard)
You never know what trades will succeed but you have to put your technical analysis to work for you. (If this…do this If this….do this If this…do this) Does it work every time, no it doesn’t but it will put your nose in the right place. If you are not involved in the markets, none of your ideas will work. Trade it when you see it!
Have a look and let’s try this today and see how it goes!!
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