Clear Support and ResistanceThe 50 day MA is holding support-side strong where as the resistance can clearly be defined in between the 9 and 5 day EMA. Still a buy above 2.575.by Trendingup1010
Live Cattle Bear Calendar SpreadWe're coming off of two up days on decent volume. As I point out on the chart, the stochastics crossed 2 days ago in over sold territory and are both pointing up. Right now the spread has hit resistance at the 9 day EMA. The trade is to buy the spread as it crosses that line so I'll be looking for +/- $3.400 tomorrow morning with the next resistance up around 4.500. This trade is $816 margin and has been profitable between Feb. 1 and March 26 for the last 14 of 15 years. wp.meLongby Trendingup1010
Live Cattle Bear Calendar SpreadWe're coming off of two up days on decent volume. As I point out on the chart, the stochastics crossed 2 days ago in over sold territory and are both pointing up. Right now the spread has hit resistance at the 9 day EMA. The trade is to buy the spread as it crosses that line so I'll be looking for +/- $3.400 tomorrow morning with the next resistance up around 4.500. This trade is $816 margin and has been profitable between Feb. 1 and March 26 for the last 14 of 15 years.Longby Trendingup1010
Live Cattles If Live Cattles or Feeders, the exorbitance in the markets of the bovine meat has carried to a sensitive price decrease at CME. Also in the supermarkets there was a change in demand; consumers buy now cheaper cuts of meats, it’s simply too expensive! Only the foreign demand remained constant From the technical side, the live cattles, after the exorbitance that has carried to a record in October 14, has probably finished the phase of correction and has reached (and not exceeded) the line of multi-year-support at 148 cents/lb. This fact confirms the multi-year-uptrend and, if maintained, could attract new speculation on the market. More Commodity Analysis: www.swisscommodity.com by swisscommodity.com0
Another Livestock Calender Spread huge move Stoch crossSee how this dip forecasts the strength of the next move above overbought.by Trendingup1010
4192Price opened above 9 day and 9 was above 50 - buy signal CCI was in overbought territory, pointing upwards but with nowhere to go - out of momentum? Stoch - Both pointing upwards, kind of. Fast Stoch showing overbought, the cross had taken place 3 days prior and the move from that signal actually took place on the buy date. The 9 crosses below the 50 overnight on 12-16 into 12-17 but the big move down had taken place already on 12-16 and 12-17 was worse although it did rally back to the 50 by it's exit date 12-19. In between 12-12 and 12-15 (weekend) the fast Stoch crossed below the slow, giving a sell signal. Longby Trendingup1011
LE Live Cattle futuresBull run looks over. Likely bounce on trend line and s/r confluence btwn 166.70 - 165.33. Then target 159.93 Shortby kilo1romeo220
Ruby On Live Cattle.Ruby On Live Cattle. Looks like cattle is in need of a pull-back. There are numerous well calculated ledges here and our dear friends in snake-oil sales seem to like the trade. Let's keep an eye out as we get closer to the truth of selling indicators or trading systems as a business, kinda like rounding up the cattle for slaughter.Shortby BitcoinMedusa1
Live Cattle - Even the real "Bull" should pull backSo here we have a daily and a weekly (right panel) chart, which show there has been a "real Bull in the Cow" :-) Weekly: With nice pullbacks and with counter trends Live Cattle price has been trending up since 2010. In 2014 the move accelerated and Cattles recently reached all time high level. Not to meantion, they have become a bit overbought. Probably that's why we see some indication of profit taking in form of Hanging Man like candles of last week and three weeks ago. DMI-ADX and low Stoch also look like ther's some overextension in this trend. Weekly bullish supports (and possible retracement levels) are 152,30 (Weekly Kijun Sen) and 138,00 (trendline and horizontal support) Daily (Feb 2015 contract): Price is trading in a bearish wedge with recently a massive negative MACD divergence! 6 days ago a bearish engulfing candle, followed by some trading inside its body with pretty much same closing levels, and friday selling pressure sent it below Tenkan Sen. MACD and Slow Stoch are bearish, DMI has chance to cross bearish too. Please also note, that since October trade volume is increasing on bearish days and smaller on bullish days. A Price break below short term bullish trendline and Kijun Sen (164,75-165,25) could bring further selling pressure, and then good chance we'll see a drop to 159,20-160 levels. There we'll see what's next.Shortby Kumowizard223
Live cattle /LE retracing into important supportLive Cattle is retracing into a current strong support area. You can see how this horizontal support was tested as resistance in September, followed by a touch on the backside after a breakout at the end of that same month. This should provide a strong possibility for support in the coming days should we move lower into this area. The target is therefore a majority of the move back up to the high's, and the stop should be large enough to not get shaken out unnecessarily.Longby Talon0
LE waiting confirmation to shortLE has run its course. Just waiting for a confirmation to go short.Shortby suenwen1
Beef prices heading south before summer? Yes (revised)Live Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. 50MA crossed on 17April2014. Targeting 130.450 by the end of April2014.Shortby LEONES220
Beef prices heading south before summer? YesLive Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. Downward movement should be quite fast, between the 1/4 and 1/2 bear Ganns. Shortby LEONES1
How to cook a steakLive cattle is coiling and seems ready to break out to the upside. Lower trendline is giving support. I'm entering in advance here targeting 137.000. How to cook a steak: www.youtube.comLongby LEONES331
Cut of beefLive cattle is at historical highs. 134.0-134.5 is giving good resistance. Price is poised to move towards the 2/1 Gann line. First target objective 130.75 but a long term downtrend is in the cards.Shortby LEONES111
Summer BBQ season gives beef a bounceBullish seasonal projection supported by chart pattern. A clear bull flag has formed during the last 5days. Breakout to the upside would confirm the buy signal with a target objective at the intersection point of the 1/2 and 2/1 Gann lines (approx 126.000)Longby LEONES331
Short term trade on CattleSell Dec12 cattle at 127800 stop. The price double crossed the 20EMA and median line. The price should fall to the next support level in one or two days. Target objective 126700.Shortby LEONES110