Long August Feeder Cattle: GFQ2023

Seasonally supported for Buys May/June >> into July. Typical seasonal Low mid-late June (agreement across 5yr, 15yr, 40yr data).

I like how this has retraced down to old Aug'15 high and rejected that dynamically (see the GF1! W graphic). I very much like the perfectly 'clean' equal highs from 2015-2023 (see GF1! weekly graphic).

I prefer not to see price return back below the island reversal gap; though stop is set a wee bit deeper still just in case.

Looking to hold this until completion or stop out. But if we make some progress up and we get into Mid-July =>> i may consider exiting early.

Comment:

Comment:

Took bulk of position off here; stop to trailing, leaving the remainder on for potential run to target 2 ($250)

Trade closed manually:

Exit final portion here before the weekend. Holding costs for feeder cattle are substantial, and i'm happy with this profit.