The Cullen Outlook – Formation Finder (Corn) 1-18

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.

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


FORMATION FINDER

Good Morning—

March CORN:
(ZCH8)

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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