Quinkong

Live Cattle (LE) Short

Short
CME:LE1!   Live Cattle Futures
So, my last analysis on live cattle was April 25th where i talked about the possibility of live cattle breaking support and going further down and it went much further than i thought. In my opinion, I believe live cattle will continue on its trend downwards and will find support at the next support level identified on the chart. Enter and exit at your own risk.

DISCLAIMER

Please note that this chart is an opinion based chart only. Please trade at your own risk
Comment: We have to be cautious here as resistance may now want to act as support and market may go up from this level. So, i would take partial profit here first.
Comment: Some more profit taking at this level is good
Trade closed: target reached

Comments

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