06/29/2016 – live cattle
August live cattle:
1. On Monday, June 27 we noted that a daily close above $111.50 could be bought in August live cattle for an advance to $113.70 expected into Wednesday, June 29.
2. Subsequently, Monday’s session closed at $111.90 (above $111.50) indicating new long entry. Today (Wednesday, June 29) August live cattle completed the $113.70 upside target (today’s session high, $113.92, 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.