Live Cattle has seen prices at a high of 127-130 over the last 3 years. Price has bottomed at the end of April 2020 and since been on the rise.
Looking for price to retrace back towards the prior swing high.
1. Enter - on next candle
2. Stop - around 98.35 ( 3 atr )
3. Target - around 115.50 ( .618 extension )
4. Risk Reward = 2.8
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,...
LIFE CATTLE LONG
Based on COMMITMENT of TRADERS (contracts from: 05/05/2020)
Long:70630
Short; 41289
LONG IS PREVAILING
potential target level 110,350
WinRateRatio 2,51
We hit the bottom of the channel on the monthly and weekly charts for Cattle futures. We are putting on a long June contract, and short October contract to profit on the mean reversal.
End of 3 drive pattern at a double bottom of 2010 and 1.618 Fib of last move.
Risk with falling knife but enter with STOP of about $400.
Best if you watch this area on a smaller timeframe chart like 2-4 min and watch
for a break out candle heading above the 20 day MA or buy on the retest of the
.382 Fib from the low. Could consider "COW" as livestock etf as...
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...
Ein Trade auf den ich mich persönlich freue, da es mein erster im Fleisch-Markt sein wird.
Auch wenn der Preis jetzt schon Schwäche zeigt, würde ich den soft stop beim SMA legen.
Obwohl der wöchentliche RSI am oberen Ende kratzt wird es sich hier voraussichtlich nur um eine Korrektur handeln.
Für ein valides Signal sind...
The break of the tenkan on the Daily shows we have lost the positive momentum we had generated at the end of October. In fact the momentum was so high at that period that we created a big gap, the close of which is the basis of our trade.Price just couldn't go past the SSA on both the weekly and the monthly creating this slowdown in momentum we intend to...
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...
Look at 2016,2017 & 2018 monthly chart. What happened in the month of September, yes price action found major support for rest of the year, then was bullish for the rest of the year. I see live cattle finding support this month around yearly S2 pivot point noted on the chart (by the blue arrow). If you buy and sell live cattle futures, would look into buying at...
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 -...
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...
LE1!
![LE1!: [LE] Live Cattle out for a SHORT ride](https://s3.tradingview.com/3/3OfrCDJC_mid.png "[LE] Live Cattle out for a SHORT ride")
