Live Cattle: Can We Get A Repeat Of Lean Hogs Move?

Short

Live Cattle Futures (Dec 2016) (CME:LEZ2016)

Updated

CME:LEZ2016 Live Cattle Futures (Dec 2016)

Comments on the chart

Comment:

Price moved up strongly today and the idea is on the verge of failing. Funny enough lean hogs continued its fall today

Comment:

Nice downmove today. Idea is still on

Comment:

Price went down all the way to 104 but came back up to put in a reversal. Still bearish but caution required.

Comment:

Limit down today. Game on...

Comment:

Price just about double bottomed today. I am still looking lower but there might be some bounce here

Comment:

Price did break the bottom so we did get a repeat of the lean hogs move

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