Thursday, February 6, 2014

Live cattle..... finishing up the wave 3?

April live cattle look to be very close to finishing up a wave 3 around the 143-144 price range( if the above count is correct. ) for this count to remain correct we should not see prices violate the 13605 level. a correction to the 137.08 level very possible as we look to be in a minor c wave correction.


positions I am currently out of my cattle position at 142 as my short term price obj was met on the downside.

The commercial traders are still heavy net short this market so that 137 print may very well come into play.


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