Resistance is broken, took the position. Will average up if will see that the trade is working. Shortage of food is coming to the store near you and most have no clue that it is coming. If you think that it is not possible, think again. Plywood at $100 was a fantasy not long ago. Get ready to pay $50 per pound for meat.
I have been doing some fasting recently. I haven't been doing it that much this year compared to usual, and it's a pretty misery inducing process, but I always feel pretty good when it's done. I just finished a 24 hour fast before posting this, and now I have the energy to mark up a chart and ask people to consume less. I have gone as long as 5 days back in the...
Live cattle is still very much bullish. I'm only gloating at this point, because my position is doing very well. I was following this chart for a while, saying that it was going to go up, and it did go up. This is a needed boost for my confidence at the moment because my stock positions are in a tactical drawdown. I do not like stocks. Not on a boat. Not on a goat.
I have been following live cattle for a while. I chose it because it seemed like a really random market that I wouldn't be bringing any market prejudices along with me, therefore, might help myself to trade it with a clear eyes. I feel like I am seeing the market clearly, at least to the best of my present ability, and that live cattle is in a very favorable...
We got a small bounce at an important level, and now we are waiting for the trendline to break which would tell us it could become a big bounce. At the moment we have price hesitation which turned into a pro gap. That's a good bullish sign. But, this downtrend has been very strong, and I'm not willing to be a minute trader for LC. This causes me to wait for the...
Any dedicated live cattle traders, I would love to hear your take! If you are there is no need to read what I have below. You would probably find it very stupid. ------ I do not understand the fundamentals surrounding this market as far as when the high prices are. Doing a quick google search I see from the first image brought up that typically live cattle is...
With seasonality behind our back as well, I see the December Live Cattle Lean Hog Contracts on a potential turn here this coming week. Keep an eye on the key levels and trendlines to see if the market turns at that level and continues in its short downtrend.
LE1! Potential long trade here on cattle, rejection off the 0.786 fib extension, though there is some trendline support potentially, so this can be longed on the trend, or if trend is broken, short. Be fluid, be water when trading. Limit bias and trade what you see.
Daily Live Cattle looks still like wants to test lows again before any signs of bullishness. These are just my opinions and do not take as trade advice. Good luck this week everyone!
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,...
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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...
This is a swing trade. It will probably take around 40 days to play out. Entry: 108.20 Stop: 101.30 Size: 1 contract Target: 130.38 RR: 3.21
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