hopscotch

Feb Live Cattle Dug itself out of a hole

Long
CME:LEG2017   Live Cattle Futures (Feb 2017)
Feb Live Cattle was a disappointment this morning as corn rose, but rallied back to produce a higher price. Look for progression Wednesday. Corn prices surged as sales in corn are up 39% over USDA projection. Cattle market could turn into chop if corn continues higher. Elliot Wave is still intact, but chop could weaken it substantially. Looking for Cattle to continue up and reach top of Cypher and possible continuation to Butterfly.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.