Tag Archives | cattle futures

Live Cattle Futures

Cattle Traders Have (Trend) Lines Drawn in the Sand

June live cattle futures on the Chicago Mercantile Exchange have seen prices back way off from the early-March contract high of $99.82. Prices late last week hit a fresh two-month low of 91.95 cents. A downtrend line has formed on the daily bar chart for June live cattle futures, drawn off the contract high scored […]

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Live Cattle Futures

Live Cattle See Some Near-Term Technical Damage

June live cattle futures at the Chicago Mercantile Exchange have seen a steep sell off from the recent contract high of $99.82. Prices last Friday gapped lower on the daily bar chart, hit a fresh three-week low of $94.20, and closed at the weekly low close to produce some fresh near-term technical damage. Key for […]

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Cattle Futures for April 2007.gif

Bull Flag Develops in April Live Cattle

April live cattle futures at the Chicago Mercantile Exchange last week hit a fresh contract high of 96.20 cents a pound. Prices then backed off on some mild profit-taking pressure but have this week rebounded. This recent price action on the daily bar chart has produced a bullish flag formation. The measuring implications from this […]

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Live Cattle Futures

Live Cattle Trade

Live cattle is a market I do not trade very often but after going over my weekly view of all the markets, I could not ignore the weekly chart pattern. Here, much like in the wheat trade, we have built a classic bull flag pattern while also doing a 50% fibonacci retracement, and small traders […]

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