soybeans future trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook from August 1st.
Good Morning—
November SOYBEANS:
(ZSX8)
We have seen this market get turned away at the 9.20 level recently and last night it happened again!
You will have to be comfortable with the risk on this one because it has to be over yesterdays high OR you can take advantage of the mini contracts and throw 3 of those on instead to reduce that risk and still participate. (minis are 1/5 the standard contract size)
SELLING at 9.05
Risk will be the 9.25 level ($1000)
Targets will be the 8.75 level to get started ($1500) and onto the 8.45 level if it really gets going! ($3000)
3 minis would look like this for risk and reward:
Risk is $600
Targets are $900 and $1800
LETS TAKE A SHOT AND DO THIS!!!
To gain access to these charts and all of the trade ideas in full the day they are released, sign up for a FREE 30 day trial today! Visit www.TheCullenOutlook.com
Have a look at the Soybean chart from Monday
Subscribe to The Cullen Outlook Product SUITE
The Cullen Outlook Product SUITE - The Cullen Outlook is for those wishing to follow the moves of a technical trader. You’ll get to look over the shoulder of a senior futures market strategist, see the market set-ups that grab his attention, and learn what he looks for when analyzing a chart!
Elevate Your Futures Trading with dt Pro
Daniels Trading’s dedication to producing the premier futures trading software in the industry was driven by our relentless pursuit of satisfying the needs of active traders and developing a trading platform that would truly set us apart in the industry. The result is our dt Pro. dt Pro is an easy to use application that handles all of the complexities associated with trading and order management.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
