Friday’s Slaughter is estimated at 125,000. 4,000 more than last week, and 4,000 more than the same week last year. Friday’s Cutout Values Choice: 267.89, Down .18 from the previous day. Select: 241.85, Down .73 from the previous day. Choice/Select Spread: 26.04 5 Area Average Cattle Price Live Steer:144.37 Live Heifer: 141.69 Dressed Steer: 232.30 Dressed...
Hey this one already started to take off yesterday, if you can get a price around 158.200 look for an entry, <158 stop out. Momentum might change though at open stay updated.
GF1! is swinging up nicely and broke out the downtrend. if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
STRONG BUYING SIGNAL . DON'T MISS THE OPPORTUNITY
Dates in the future with the greatest probability for a price high or price low
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...
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.
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).
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).
Feeder Cattle (GF1!) hit a major 1W Resistance (149.75) and should reverse to test the 140.950 support. There is one last Resistance it may test however before falling, which is located at 151.925. We short with TP = 142.150.