Issued: 03/21/2016
April live cattle:
1. Continued daily closes below $139.00 in April live cattle (today’s session closed at $138.17) will normally indicate both $137.25, then $136.00 into mid week (week of March 21).
2. Only aggressive should consider this trade. Otherwise it is to further examine the behavior of April live cattle in concert with our methodologies.
3. An initial protective stop should be placed above $139.00 and will be moved down if the market continues to confirm. Will update.
David Williams
Issued: 03/22/2016
April live cattle:
1. Our previous report indicated that continued daily closes below $139.00 in April live cattle would indicate both $137.25, then $136.00 into mid week (week of March 21).
2. Subsequently, April live cattle closed the day at $138.17 indicating new short entry. Today (Tuesday, March 22) April live cattle completed the $136.00 downside target, completing the forecast/ trade. Will message any further entry or indication in April live cattle.
David Williams