Bottom of the Channel
We hit the bottom of the channel on the monthly and weekly charts for Cattle futures. We are putting on a long June contract, and short October contract to profit on the mean reversal.
Trade active
Great opportunity to continue moving into long positions. Bounced back into the $86 range on low sell volume, ready for the next leg up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.