I haven't updated my cattle idea in awhile, but it's been trading like I figured, since Feb. We've now hit multiple technical targets in this pocket up here. I think there's a good chance we get a decent correction from here down to the 198-197 area, although it could easily retrace down lower, more violent and sharp with fund long covering and momentum. Long term I am still bullish with my original idea back at the beginning of the year, and think we can get that 217-218 target in the fall.
My last idea this is continuing:
My last idea this is continuing:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.