Dates in the future with the greatest probability for a price high or price low
Feeder Cattle is coming off a strong Higher Low rebound early this month with 1D already on strong bullish technical action (RSI = 60.454, MACD = 0.850, Highs/Lows = 3.0514). Since this bullish sequence started on a strong August rebound on the 128.800 1W Support, it is more likely to see an extension towards the 161.000 1W Resistance. A potential 1D Golden Cross...
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...
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 -...
GF is trading on a 1W Ascending Triangle that is near the 139.225 Support and Higher Low zone (RSI = 46.649, MACD = -0.700, Highs/Lows = 0.0000). This creates ideal conditions for a long term buy towards 159.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
The price was recently rejected on the long term Sell Zone of 127.825 - 134.425. For almost 2 years this belt has been used as a sell point by the market. This is a good long term opportunity to go short and target a price above the 101.625 - 104.250 Buy Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
Based on my analysis I see commodities markets offering investors above average returns heading into the next decade. During the expansion of our economy from 2008, prices in the commodity market have been fairly low and producing dismal returns. This is ranging from several factors such as energy prices falling, subsidized farming, the price of precious metals...
Feeder Cattle (GF1!) is trading within a long term 1W Channel Up (RSI = 63.368, B/BP = 10.8420) on a very stable pace setup (MACD = 2.490, Highs/Lows = 3.4700) that allows us for a better pattern recognition. If those recurrences are valid, the GF should seek a Higher Low near 155.000 before making a Higher High near 164.000 (target).
Live Cattle (LE1!) is trading within a long term 1W Channel Up (RSI = 60.152, ADX = 29.000, Highs/Lows = 7.0679, B/BP = 14.6880) that has recently made a Higher High with an obvious Resistance zone at 114.00 - 114.325. Being on overbought STOCHRSI, Williams and CCI, a pull back to a Higher Low (~110.000) is required to sustain a healthy uptrend, which should most...
Live Cattle futures appear to be coming to and end of a multi year correction phase. If WXY completed at $94.6 then the motive phase may already have begun, however, if the $130 highs seen during 2017/18 were just X2 of WXYXZ then price may fall further; in WXYXZ Z must be equal or longer than X2 which suggests a double bottom at $94.6. Some details on the...
Feeder Cattle is trading within a Channel Down on 1D (MACD = -0.360, Highs/Lows = -0.0614, B/BP = -1.7440). The neutral RSI = 45.095 suggests that it is coming off a recent Lower High, which as seen on the chart was at 151.500. We have opened short and our TP is 146.900 and 144.975 in extension (we will update if needed to pursuit the extension).
Live Cattle -0.04% prices tend to follow clear trends , as can be seen by the descending channel from 2015 to 2017 (almost 2 years) Options expiration is February 28. I will look for support on the current parallel or retracement to the lower parallel for a long entry. Stop below previous low and take profit at 25 centile. Depending on price action I may keep...
It looks like Live Cattle is pausing to correct before next run up. On the 2hr renko chart (blksz .50), the charcoal box represents what the 5min renko (blksz .25) expands out to. I think that the 5Min will need to go through a corrective cycle prior to price continuing up.
With the rise in corn, January Feeder Cattle under pressure to make a correction. Having a tough time crossing the 61.8 level of a Gartely pattern. Look for prices to fall to 31.8 and beyond. Watch corn prices. If they continue to go up, Feeders will go down.
Feb 2017 LIve Cattle continues it's surge upwards to complete the Cypher pattern at 113.225 area. Looking to see if it will retrace at 110 or bust through this area.
Feb 2017 Live Cattle steadily moving upwards. Next target is the 108 area. Possible high to reach its final goal hopefully in the next couple of weeks at 113. Cattle market reports calling for steady slaughter up 15% from last year.