How to cook a steakLive cattle is coiling and seems ready to break out to the upside. Lower trendline is giving support. I'm entering in advance here targeting 137.000.
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BGI1! trade ideas
Cut of beefLive cattle is at historical highs. 134.0-134.5 is giving good resistance. Price is poised to move towards the 2/1 Gann line. First target objective 130.75 but a long term downtrend is in the cards.
Summer BBQ season gives beef a bounceBullish seasonal projection supported by chart pattern. A clear bull flag has formed during the last 5days. Breakout to the upside would confirm the buy signal with a target objective at the intersection point of the 1/2 and 2/1 Gann lines (approx 126.000)
