Cattle Futures Breakout: Analyzing Bullish and Bearish SignalsCME:GF1!
The recent breakout of cattle futures contracts above the $245 resistance, which had held since October 2014, has sparked significant interest. However, before this upward trend can continue, there are signs that a pullback might occur. With intriguing technical patterns unfolding, the q
Why Cost of Living is Still a Concern?Why is the cost of living still a concern, even though inflation has declined to 2.6%?
In many elections over the past two years, voters have ranked inflation as their top concern.
As we can see, the prices of many commodities remain above pre-COVID levels, with gold and meat prices currently much
More Leg to Breakdown?Feeder Cattle
Technicals (August - Q)
August feeder cattle futures posted their second consecutive inside day (trading within the previous day's range). Despite the consolidation in the last two sessions, the RSI remains in oversold territory with a reading of 26.12, the lowest since last Novemb
November Feeder Cattle Finds SupportAfter being subjected to selling pressure for the majority of the week, the November feeder cattle contract found support at the 23.6% retracement level between the contract’s low, and the contract’s high. The low for the day was only a few ticks off of the actual 253.825 level, coming in at 254.050
Long August Feeder Cattle: GFQ2023Seasonally supported for Buys May/June >> into July. Typical seasonal Low mid-late June (agreement across 5yr, 15yr, 40yr data).
I like how this has retraced down to old Aug'15 high and rejected that dynamically (see the GF1! W graphic). I very much like the perfectly 'clean' equal highs from 2015-
3 Inflation Scenarios for 2023There are only 3 inflation scenarios that will happen till the end of 2023:
i. Improve CPI to 2%
ii. Range CPI to hover between the band of 5-8%
iii. Continue to trend higher breaking above 9%
Many investors believe scenario (i) & (iii) will be unlikely.
70% of the investors feel that CPI should
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for Feeder Cattle Futures (Aug 2016) is Aug 25, 2016.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Feeder Cattle Futures (Aug 2016) before Aug 25, 2016.