Trendingup101

Live Cattle Bear Calendar Spread

Long
We're coming off of two up days on decent volume. As I point out on the chart, the stochastics crossed 2 days ago in over sold territory and are both pointing up. Right now the spread has hit resistance at the 9 day EMA. The trade is to buy the spread as it crosses that line so I'll be looking for +/- $3.400 tomorrow morning with the next resistance up around 4.500. This trade is $816 margin and has been profitable between Feb. 1 and March 26 for the last 14 of 15 years.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.