Live Cattle Analysis (Revised)

A strong case could still be made for a rebound in beef prices. I am a buyer.

I don't pay much attention to many indicators, but I always pay attention to volatility .
Comment: long trade still not executed. I am baffled by the weakness in all meats. This is a situation where I become more interested in learning the real fundamentals behind meat prices
Comment: Going long tomorrow
Comment: Up nearly 10%. First target is 116.40
Trade closed: target reached
Trade active: I am now short. Stop above 121. A retest of the 102 level is in the cards. Will buy there if we see that level. Will start taking a little profit at the 109 level or the level that corresponds with my traded contract.

Ultimate target is 102 for a short.
Long entry will be at 102.
Comment: We seem to be on the verge of successfully retesting the 102 - 100 level. I will go long at 100.90 and will manage aggressively. The VIX shows no signal of reversal which is worrisome for longs. If the 100 level is broken, I think there may be a new norm setting in for livestock prices - somewhere in the 80s (which is likely the absolute floor for this market).

Either way, pay attention now because a big trade is coming.

Comment: Missed long entry at 102. Definitely a shame. Big move from the low of 104.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out