August 05 Feeder Cattle

[DaveT]

This market held the uptrend line on Friday, (and remains above the 20 DMA.)

A breakout to new highs projects to 11100 - (the maesurement of the rectangle continuation pattern)

Fundamentally, feeder supplies remain tight and beef demand good.

Note this trade is contrary to FTSE Beater's bearish Live Cattle thread.

 

[-oo0(GoldTrader)]

Top Stop

Hybrid Thread

Dave here is an update on your Cattle herd with a parobolic trailing stop for anyone following the trade.

This market held the uptrend line on (last), Friday, (and remains above the 20 DMA.)

 

[-oo0(GoldTrader)]

Feeder

Hybrid Thread

So far, so good

 

[The Baptist]

Commercials reentering in this market and Live c market. Could start to see upside. (COT report)