Cattle, Corn, and S&P 500: The fundamentals may be different now compared to in 2008, but I think these 3 markets are well intertwined. The effect of a major drawdown in the equities could impact all markets for a time. It sure seems that Cattle have some strong fundamentals to make a run up as it did from 2010 to 2014, but the timing of when that potential...
Live cattle is bull. Early May it jumped from 87 to 94, and next day hitting 98. This breakout caused in the days to follow some oscillating within the 92-100 band, forming a clear up channel. Market hit 100 yesterday, found support on the mid channel level and closed just below 100. I’m pretty sure we will test it again today. My believe is this breakout,...
So, my last analysis on live cattle was April 28th 2019 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, with the increasing "news" of coronavirus, I believe live cattle will continue on its trend downwards and will find support at the next support level/s identified...
Live Cattle has hit this month the 94.300 1M Support, with the last time we saw these levels being in October 2016. The price appears to be trading within a long term Rectangle within 94.300 and the 130.500 - 134.525 Resistance Zone. The current 3 week rebound on the 1M Support makes LE an automatic long term buy opportunity. We are therefore long at the moment...
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...
Live Cattle has been trading within a long term 1M Rectangle (RSI = 45.889, CCI = -24.7510, Highs/Lows = 0.0000) roughly since late 2016. This March the price was rejected exactly on the 1W Resistance (130.500 - 134.525) and in April another Lower High attempt failed. This resulted in a strong downfall which is expected to test again the 1W Support Zone (101.625 -...
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
There might be a slight retracement but that is where i will be set my TP. Market could go past. 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
The price was recently rejected on the long term Sell Zone of 127.825 - 134.425. For almost 2 years this belt has been used as a sell point by the market. This is a good long term opportunity to go short and target a price above the 101.625 - 104.250 Buy Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
Live Cattle (LE1!) is trading within a long term 1W Channel Up (RSI = 60.152, ADX = 29.000, Highs/Lows = 7.0679, B/BP = 14.6880) that has recently made a Higher High with an obvious Resistance zone at 114.00 - 114.325. Being on overbought STOCHRSI, Williams and CCI, a pull back to a Higher Low (~110.000) is required to sustain a healthy uptrend, which should most...
live cattle looks like it could run up to the top of the range again short timeframes look like absolute mayhem to trade right now but could be worth a position opened here for a 4/1 RR stop:100 take profit: 112-115 - - - 120-125
Watching for clearer signal on which way the herd is going.
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.
In the chart above I've plotted average cattle prices since February of 1980. I found that a 30 year view is typically enough to see the big picture in a market. Prices closed today (9/6/16) nearly exactly at par, which has been a major level since 2003. From its all time low (53.xx in July 1985) to its peak (170.xx on Nov 2014), the .618% retracement sits at...
My long trade is the assumption that the breakdown on the log chart is a false breakout. I trade based on LOG almost entirely, but there is a mixed bag of data here that leads me to believe it is worth considering both metrics (log vs arithmetic). Many traders dislike trend lines - this is just one of those reasons among many. The way I deal with these situations...
Bull run looks over. Likely bounce on trend line and s/r confluence btwn 166.70 - 165.33. Then target 159.93