corn 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 January 18th.
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The CORN market HATES the 50 day moving average!
…and recent rallies have been short-lived. The 7 cent rally we have seen in the past 2 trading sessions might be a good time to get involved!
So…as we hit it yesterday….LET’S GO!
This will be a lower risk trade with a closer profit objective than normal, I wont be putting stop over 3 cents higher so this can be a trade where multiple contracts can be executed to make it worth it while still keeping risk normal.
Risk 3 cents ($150 per contract)
Target 7 cents ($350 per contract)
I like the idea of trading 3 contracts. Margin per corn contract is $605.00
SELLING at 3.53
Risk will be just above last rally at 3.56 ($450 on 3 contracts)
Target will be recent support at 3.46 ($1050 on 3 contracts)
*** Clients who email their orders in please specify quantity ***
Have a look at the chart and let me know what you think…
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