Brazilian cattle desease! Black swan!As i mentioned before brazilian cattle has got a trend up few weeks but today we got news about some severe problems with cattles.. now short and closed all long positions.
LE1! trade ideas
Long position - Live Cattle futuresOne of our algorithmic, trend-following systems entered long at Live Cattle futures at 149.
The system is holding the position with a guaranteed and progressive trailing stop loss of 0.3% and could average new positions if the trend is confirmed in the next weeks.
In recent weeks we have converted a few algorithmic trading programs from Pro Real Code to Python, AFL, or Pine Script with the help of Chat GPT, which shows how revolutionary AI will become in the algorithmic investing space.
Inflation gone? I don't think so. Cattle futuresThis chart shows you everything you need to know about inflation. I was shopping yesterday and my steak cost $1/lb more than last month.
If Powell doesn't go .5% today, this blow up to new ATH, and inflation will force his hand in July. Inflation isn't going away any time soon, look at gold, oil, etc. Traders are pumping commodities every time they pump the stock market.
Keep in mind .25% today and ,25% in March is already priced in and this is headed to new highs. Note: weekly chart
LE1! Futures ( LE11 ), H4 Potential for Bullish ContinuationTitle: Live Cattle Futures ( LE11 ), H4 Potential for Bullish Continuation
Type: Bullish Rise
Resistance: 159.175
Pivot: 157.875
Support: 155.375
Preferred case: Looking at the H4 chart, my overall bias for LE1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 159.175, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 157.875, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
LE1! Futures ( LE11 ), H4 Potential for Bullish ContinuationTitle: Live Cattle Futures ( LE11 ), H4 Potential for Bullish Continuation
Type: Bullish Rise
Resistance: 159.175
Pivot: 157.875
Support: 155.375
Preferred case: Looking at the H4 chart, my overall bias for LE1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 159.175, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 157.875, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
breakout or fall back in rangeLE is testing the the top of its previous ranges support. Hold the line we go up get back inside we going back down. pretty simple stuff
CattleCattle – Weekly Continuous: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The 2019 low has provided a pivot for a parallel uptrend line (highlighted in yellow) that has acted as a strong magnet since moving up off the covid crash low. Any of the lines could act as Support or Resistance. Further support marked in gray, risk area marked in red, and opportunity area marked in green. Deferred contracts can use the uptrend/downtrend lines or highlighted areas as well…
April Cattle approaching Resistance/opportunity area, Risk is 128 – 132
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 38.2% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 151.925
Pivot: 146.650
Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 23.6% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish TrendType : Bullish rise
Resistance : 147.900
Pivot: 143.150
Support : 141.100
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2% extension sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 141.100 where the swing low and 38.2% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish TrendType : Bullish rise
Resistance : 147.900
Pivot: 143.150
Support : 141.100
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2% extension sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 141.100 where the swing low and 38.2% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish TrendType : Bullish rise
Resistance : 147.900
Pivot: 143.150
Support : 141.100
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2% extension sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 141.100 where the swing low and 38.2% retracement sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish TrendTitle: Live Cattle Futures ( LE1! ), H4 Potential for Bullish Trend
Type : Bullish rise
Resistance : 147.900
Pivot: 144.275
Support : 141.100
Preferred Case: The price is moving in a bullish trend on the H4. Price fell below the Pivot at 144.275, but quickly recovered and closed above it. If the bullish momentum continues, we can expect price to move towards the first resistance level at 147.875 (the 127.2% Fibonacci extension line).
Alternative scenario: Price could break the pivot structure and return to the first support level at 141.100, where the 38.2% Fibonacci retracement line is.
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bearish TrendTitle: Live Cattle Futures ( LE1! ), H4 Potential for Bearish Trend
Type : Bullish rise
Resistance : 147.900
Pivot: 144.275
Support : 141.100
Preferred Case: On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st support at 141.100 where the 38.2% retracement sits
Alternative scenario: Alternatively, price could break pivot structure and rise to the 1st resistance at 147.900 where the swing high and 127.2% extension sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bearish TrendTitle: Live Cattle Futures ( LE1! ), H4 Potential for Bearish Trend
Type : Bullish rise
Resistance : 147.900
Pivot: 144.275
Support : 141.100
Preferred Case: On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st support at 141.100 where the 38.2% retracement sits
Alternative scenario: Alternatively, price could break pivot structure and rise to the 1st resistance at 147.900 where the swing high and 127.2% extension sits
Fundamentals: No Major News
Live Cattle Futures ( LE1! ), H4 Potential for Bullish RiseTitle: Live Cattle Futures ( LE1! ), H4 Potential for Bullish Rise
Type : Bullish rise
Resistance : 146.750
Pivot: 142.650
Support : 139.175
Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 142.650 where the 23.6% retracement sits to the 1st resistance at 146.750 where the previous swing high sits.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 139.175 where the overlap support is.
Fundamentals: No Major News
