TomProTrader
Short

Live Cattle: Probable Shorts Off Of Hidden Resistance Level

CME:LE1!   LIVE CATTLE FUTURES
151 5 4
Traders

Probable continuation short here to the lows of the range. Nice shooting star doji type candle with engulfing signal. Quite bearish . Price resisted off ratio confluence and 50MA. Should be a nice trade guys.

Best of luck
Tom

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Hi Did you mean 'sell on retracements'?
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I like this chart. And if MM be true, we should see 110-112 in the near future. Ivan taught me some time back, the relationship between NZD, Copper, and Live Cattle/ Dairy Products. Now, I feel this chart is in sync. A great addition to my watchlist ^_^ Thanks, Guys!
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moorekapital moorekapital
Unfortunately, my mt4 broker doesn't offer Live cattle for trading.
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moorekapital moorekapital
Joining late....???
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Excellent insights Tom.
Cheers mate.
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