Feeder Cattle BreakoutIf we can cross $1.70 there is high breakout potential. Longby C0o0kieUpdated 114
Feeder Cattle To 257.500Once again, Feeder Cattle to 257.500. All these commodities will be highly valued or at least valued higher than now by the end of year Longby shloakm0
November Feeder Cattle Finds SupportAfter being subjected to selling pressure for the majority of the week, the November feeder cattle contract found support at the 23.6% retracement level between the contract’s low, and the contract’s high. The low for the day was only a few ticks off of the actual 253.825 level, coming in at 254.050by Blue_Line_Futures3
Long August Feeder Cattle: GFQ2023Seasonally supported for Buys May/June >> into July. Typical seasonal Low mid-late June (agreement across 5yr, 15yr, 40yr data). I like how this has retraced down to old Aug'15 high and rejected that dynamically (see the GF1! W graphic). I very much like the perfectly 'clean' equal highs from 2015-Longby twingallUpdated 11
3 Inflation Scenarios for 2023There are only 3 inflation scenarios that will happen till the end of 2023: i. Improve CPI to 2% ii. Range CPI to hover between the band of 5-8% iii. Continue to trend higher breaking above 9% Many investors believe scenario (i) & (iii) will be unlikely. 70% of the investors feel that CPI shouldLong10:27by konhow224
GF1! (BUY)It's break two range channels. The first channels was large and the price break it. The second channel may be considered like as an pull back.Longby axelodg3
Are Feeder Cattle Setting Up for a Bigger Directional Move?Feeder Cattle Technicals (August): Feeder cattle made an attempt to breakout yesterday but fell flat, despite the bloodbath in the grain complex. As mentioned in recent reports, the inability to take out recent highs with the collapse in grains should be a caution flag for the Bulls. That’s not to sby OliverSloup_BlueLine4
Feeder Cattle Rally on Weaker Corn MarketsFeeder Cattle Technicals (August): Feeder cattle were able to catch a rally yesterday, thanks in part to the corn market collapsing following a “neutral” USDA report. Though it was nice to see a rally, the recent price action relative to the sharp decline in corn has been less than impressive. Not tby OliverSloup_BlueLine2
Feeder Cattle Threaten a Technical Breakdown Feeder Cattle Technicals (August): August feeder cattle futures broke below trendline support yesterday, which took prices into our 4-star support pocket, 171.45-172.40. All else held equal, this is a MUST HOLD pocket for the Bulls, a break and close below could open the door for a drop into the midby OliverSloup_BlueLine2
Feeder Cattle Futures Are Coiling Feeder Cattle Technicals (August): August feeder cattle were technically sound yesterday, trading nearly perfectly against our technical support and resistance pockets, only to finish the session near our pivot pocket. Those technical pockets remain in play today as the market continues to coil, marby OliverSloup_BlueLine2