03/11/2016 – live cattle

Issued: 03/11/2016

April live cattle:

1. Our previous report indicated that Thursday, March 10 April live cattle closed well, indicating new long entry for the likelihood for higher prices including $138.95/$139.15 into Monday/Tuesday, March 13/14.

2. Today’s (Friday, March 10) April live cattle completed both $138.95 and $139.15 upside profit targets, successfully completing the forecast/trade (today’s session high, $139.72, so far).

3. Aggressive can hold any remaining position for the possibility of higher prices and a trend following exit. The protective stop should be moved to $139.10.

David Williams

Issued: 03/10/2016

April live cattle:

1. Today’s (Thursday, March 10) April live cattle advanced higher and closed well, indicating the likelihood for higher prices into Monday/Tuesday, March 13/14.

2. Those higher prices include $138.95/$139.15 (or higher). Any new trade based upon this is outlook considered aggressive.

3. An initial protective sell stop should be placed at $137.70. This stop will be moved higher as the market continues to confirm.

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.