06/17/2016 – live cattle
- June 17, 2016
- live cattle
August live cattle:
1. Since Wednesday, June 14 we’ve noted that a daily close in August live cattle at or above $113.45 would indicate an advance to $114.45.
2. Although Thursday’s August live cattle market broke substantially lower it closed the day at $113.42 (neutral to $113.45 noted above).
3. Today (Friday, June 17) August live cattle completed the $114.45 upside target (session high, $114.45, so far). This successfully completes the forecast/trade. Will message any further entry or indication in August 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.