kinetictrading

GF - Waiting for post WASDE report on Thursday

Long
CME:GF1!   Feeder Cattle Futures
Longer trendline would be broken if it closes here or a little above. We are looking to get long after Thursday's WASDE report. Those reports can swing grain and meat futures wildly. The risk/reward on this longer term trade is 5:1. Meanwhile, we are watching and waiting for confirmation of our analysis.
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