first target is the poc no idea on fundamentals or possible cattle ists look above and fail divergences absorption below hvn, LVA below
the brazilian cattle has showed a big move recently giving direction of buyers... for moment the trend is u´p
As i mentioned before brazilian cattle has got a trend up few weeks but today we got news about some severe problems with cattles.. now short and closed all long positions.
One of our algorithmic, trend-following systems entered long at Live Cattle futures at 149. The system is holding the position with a guaranteed and progressive trailing stop loss of 0.3% and could average new positions if the trend is confirmed in the next weeks. In recent weeks we have converted a few algorithmic trading programs from Pro Real Code to Python,...
This chart shows you everything you need to know about inflation. I was shopping yesterday and my steak cost $1/lb more than last month. If Powell doesn't go .5% today, this blow up to new ATH, and inflation will force his hand in July. Inflation isn't going away any time soon, look at gold, oil, etc. Traders are pumping commodities every time they pump the...
Title: Live Cattle Futures ( LE11 ), H4 Potential for Bullish Continuation Type: Bullish Rise Resistance: 159.175 Pivot: 157.875 Support: 155.375 Preferred case: Looking at the H4 chart, my overall bias for LE1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the...
Title: Live Cattle Futures ( LE11 ), H4 Potential for Bullish Continuation Type: Bullish Rise Resistance: 159.175 Pivot: 157.875 Support: 155.375 Preferred case: Looking at the H4 chart, my overall bias for LE1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the...
Mean reversion, le = live cattle, gf = feeder cattle, zc = corn, he = hogs
LE is testing the the top of its previous ranges support. Hold the line we go up get back inside we going back down. pretty simple stuff
Cattle – Weekly Continuous: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The 2019 low has provided a pivot for a parallel uptrend line (highlighted in yellow) that has acted as a strong magnet since moving up off the covid crash low. Any of the lines could act as Support or...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...