05/05/2016 – live cattle
- May 5, 2016
- live cattle
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
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.