Issued: 05/05/2016
June live cattle:
1. Today’s (Thursday, May 5) June live cattle market completed the forecast advance from $116.85 to $118.50 noted in recent Williams edge meetings. This successfully completes the forecast/trade. Will message any further entry or indication in June live cattle.
David Williams
Issued: 05/04/2016
June live cattle:
1. In recent Williams edge meetings it was noted that any confirmed breakout above $116.85/$.90 in June live cattle would indicate new long entry for a quick advance to $117.70, then $118.40/$.50.
2. Today (Wednesday, May 4) June live cattle broke out above $116.85/$.90 and (after a somewhat tricky retracement) completed the initial $117.70 upside profit target (today’s session high, $117.70). Higher prices remain indicated. Will update.
David Williams