albert.callisto
Short

Live cattle - Let the bears take control of the cattle, short.

CME:LE1!   LIVE CATTLE FUTURES
11 months ago
HA candles to make the PA clearer.

PA is in clean downward pitchfork and is nicely oscillating between the upper and lower areas. PA is about to cross the Ichi cloud which could be the start of a short trade. However the lagging span still has some layers to go through before being free. This could occur within the blue ellipse area.

Note the lower support within the pitchfork that could prevent the PA from reaching the lower prong. This is where the TP can take place.

Some fundamentals: http://www.agweb.com/article/market-highlights-cattle-prices-drop-university-news-release/
Some news that could maintain the price flat during the cloud traversal: http://www.agweb.com/article/blizzard-kills-an-estimated-12000-beef-cattle-another-40000-missing-naa-wyatt-bechtel/

10 months ago
Trade active
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