There is a trade opportunity based on a potential M.E.T. breakout in the Cocoa futures.
The trendline held again…let’s move the stops up and see where the day takes us!
How-To Guide: 10 Rules for Technical Futures Trading
If this flat bottom triangle doesn’t hold….
Here are a few markets with set-ups taking place that will have my attention through the balance of this week and into next.
Staring right at this recent run-up in the Cocoa market and where resistance has come in on previous rallies this year. The trendline has been rejected in the overnight and I like the idea of getting involved and risking just over that last reaction high.
Sugar Futures Trade Idea This sugar futures trade idea is from a sample of Brian’s email newsletter, The Cullen Outlook. This is from the Formation Finder portion from June 3rd. To gain access to these charts and all of the trade ideas in full… sign up for a FREE 60 day trial. Good Morning— October SUGAR: (SB-MV6) Last week Wednesday,… Read more.
Sugar Futures Trade Idea This is a sample of Brian’s email newsletter, The Cullen Outlook and his sugar futures trade idea. This is from the Formation Finder portion from May 25th. To gain access to these charts and all of the trade ideas in full… sign up for a FREE 60 day trial. Good Afternoon— October SUGAR: (SB-MV6) The market had… Read more.
After a healthy sell-off, this market is trying to carve out a bottom and finding some support at 2900
We traded above last weeks highs and I like the idea of getting long here, looking for a bounce.
After a bounce earlier in the week off of the 50% retracement, we saw some indecision by the market noted by the highlighted DOJI candlestick formation. Today has opened up starting lower and I think it continues.