April live cattle:
1. In Fridays (February 5) Williams edge live meeting it was noted that any break of $133.80 in April live cattle would indicate a quick decline to $132.40 into Monday, February 8.
2. Although this indication was not traded, today (Monday, February 8) April live cattle declined sharply and completed the $132.40 downside target and lower (today’s session low, $131.40. This successfully completes the forecast/trade. Will message any further entry or indication in April live cattle.