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 the afternoon of January 4th.
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March KANSAS CITY WHEAT:
6 month trendline was broken today!
MACD gathered some upward strength…
I put a few levels to shoot at it in greens if you choose to get involved.
The stop can be roughly 10 cent from entry ($500.00) which would put it back under the trendline.
OR in lieu of a stop order…you can look at the FEBRUARY 4.20 put for roughly 7 cents ($350.00). This expires on January 27th, so just about 2 weeks of protection and goes off of the March contract if we expire below 4.20, you would be offset at that level.
Check out the trendline break in March KC Wheat…
UPDATE: Last traded 4.37 3/4
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