Olu
Short

Live Cattle: Looking For Lower Prices

CME:LEJ2017   LIVE CATTLE FUTURES
30 0 6
Comments on the chart. Would not like to see 119 as this will trash this idea
Kommentar: 50sma has gone. Trendline has gone as well. Idea is working out. Funny thing happened today. I closed out my profitable short today and will open another one tomorrrow. I found out that IGIndex is charging £40 per day daily funding @£2.5 per point! Holy Cow! So I closed a profitable spread bet a few minutes before the close today and will open a short in the April contract tomorrow. Any retracement will be nice
Kommentar: We have had a break below the uptrend like but price still looks strong. Could this just be a retest of the underside of the uptrend line? If 118.75 goes this idea is toast
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