07/18/2017 – live cattle
August live cattle:
1. Since Fridays (July 14) Williams edge live meeting it was noted that daily closes in August live cattle below $118.55 could be sold short for a further decline to $115.80/$.70 expected into Wednesday, July 19 (+/-1 day).
2. Subsequently, August live cattle closed daily below $118.55 (Friday’s July 14 session closed at $118.05) indicating new short entry. Today (Tuesday, July 18) August live cattle completed the the $115.80/$.70 downside profit target (today’s session low, $114.79). This successfully completes the forecast/trade. Will message any further entry or indication in August live cattle.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.