
Live Cattle Futures—Cattle futures in the August contract settled higher by 100 points at 97.30 or 1.05% still stuck in a tight 8-week consolidation looking to break out in next week’s trade in my opinion.
Cattle prices are trading right at their 20 and 100 day moving average as the trend is mixed as tomorrow will be the last trading day for the week as the 4th of July holiday is upon us as that should put some volatility in tomorrow’s trade.
At the current time I do not have any livestock recommendations, however the commodity sectors are starting to show signs of life as I do think the break out will be significant on either side so keep eye on this market as we could possibly be involved tomorrow.
TREND:MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: AVERAGE
If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
TWITTER—@seeryfutures
Email: mseery@seeryfutures.com
If you’re looking to open a Trading Account click on this link www.admis.com
FREE 10 DAY SUBSCRIPTION
There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.