Live Cattle (LE) Short
So, my last analysis on live cattle was April 25th where i talked about the possibility of live cattle breaking support and going further down and it went much further than i thought. In my opinion, I believe live cattle will continue on its trend downwards and will find support at the next support level identified on the chart. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Note
We have to be cautious here as resistance may now want to act as support and market may go up from this level. So, i would take partial profit here first.Note
Some more profit taking at this level is goodTrade closed: target reached
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Related publications
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.