CME:LC1!   LIVE CATTLE FUTURES
172 3 0
A play on both higher meat prices and lower grain prices, Live Cattle             registered a weekly double bottom through this past week when it traded up through 122.95. CRI's current Weekly Commodity Trend Survey is long from 122.95 with stops should be just below 120.375. A 50% retracement of the 2013             sell off would bring prices back into the 126.50 and shall be the initial target.
A monster gainer. Targets hit (OTE Short Sweet Spot) at 129.675 or about 7 points (at $4 per point) that's $2800 per contract......wtg CRI.....
Reply
Cattle keeps charging higher! Move stops to just under last week's lows at 124.20. Daily ab=cd bull price pattern suggests a target in the 131 area which corresponds nicely with our projected Right Shoulder target in and around the 132 area...
Reply
09/06/13: Initial target (126.2375) hit. Stop to break even
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out