Cattle Futures ... as predictable as a ... Clinton announcement
Regardless of your opinion of Hillary Clinton, her announcement that she is running for President comes as no surprise to anyone.
And so goes the direction of Cattle Futures - it throws RSI divergences farther and faster than a cow chip throwing contest.
If people know you trade then you will probably get the stray comment about "cattle futures" thrown your way in the next 17 months. Might as well know the chart.
Observe the daily chart and see the divergences - speculation city. Price gets ahead of itself in both directions but good entries can be hard to grab because the speculation hang time can last several days after the obvious divergences print. Not something I trade but fertile ground for cowboys and cowgirls alike. Udderly predictable.
And so goes the direction of Cattle Futures - it throws RSI divergences farther and faster than a cow chip throwing contest.
If people know you trade then you will probably get the stray comment about "cattle futures" thrown your way in the next 17 months. Might as well know the chart.
Observe the daily chart and see the divergences - speculation city. Price gets ahead of itself in both directions but good entries can be hard to grab because the speculation hang time can last several days after the obvious divergences print. Not something I trade but fertile ground for cowboys and cowgirls alike. Udderly predictable.