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LEM2014 Commodities Futures Chart

 

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LEONES LEONES PRO LEM2014, D, Short ,
LEM2014: Beef prices heading south before summer? Yes (revised)
110 2 0
LEM2014, D Short
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.

LEONES LEONES PRO LEM2014, D, Short ,
LEM2014: Beef prices heading south before summer? Yes
100 0 1
LEM2014, D Short
Beef prices heading south before summer? Yes

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. Downward movement should be quite fast, between the 1/4 and 1/2 bear Ganns.

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