05/24/2017 – live cattle
June live cattle:
1. In last Thursdays (May 18) Williams edge live meeting it was noted while not an outright trade, June live cattle was likely to advance from the then current price of $122.85 and test/attempt $125.50.
2. Subsequently, June live cattle advanced and on Monday, May 22 attempted the $125.50 upside target (swing high, $125.12). The failure to complete the target was an early sign of weakness which was later confirmed with the current decline. Will message any further entry or indication in June live cattle.
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.