soybeans future trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook from August 1st.
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!!!
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Have a look at the Soybean chart from Monday
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