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LE1! trade ideas

Live Cattle is bullLive cattle is bull. Early May it jumped from 87 to 94, and next day hitting 98. This breakout caused in the days to follow some oscillating within the 92-100 band, forming a clear up channel. Market hit 100 yesterday, found support on the mid channel level and closed just below 100. I’m pretty sure we will test it again today. My believe is this breakout, plus the upward channel, will result in new local high’s. We have clearly broken out of the downward trend of the last months. Once we break the 100 level, others will step in and this could lead to a decent bull trend.
CME:LE1!Long
by pptw
LE1 Live Cattle Futures TradeEnd of 3 drive pattern at a double bottom of 2010 and 1.618 Fib of last move. Risk with falling knife but enter with STOP of about $400. Best if you watch this area on a smaller timeframe chart like 2-4 min and watch for a break out candle heading above the 20 day MA or buy on the retest of the .382 Fib from the low. Could consider "COW" as livestock etf as well. Cattle & Hogs trade similar. I only trade these a couple times a year so don't risk the farm on my view! Blessing
CME:LE1!Long
by curazguy
Live Cattle (LE1) ShortSo, my last analysis on live cattle was April 28th 2019 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, with the increasing "news" of coronavirus, I believe live cattle will continue on its trend downwards and will find support at the next support level/s 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
CME:LE1!Short
by Quinkong
LEV2020-LEZ2020: Spread on Live CattleLEV2020-LEZ2020 Commodity Spread Trading is an advanced way to profit statistically from the differences that occur in the commodity futures market based on Contango or Backwardation situations. These statistics are offered by online software and allow for amazing performance. So far we have achieved the highest gains in relation to drawdowns with this way of trading, Here we enter Short on the Live Cattle Spread buying the October Futures and selling the December Futures. Happy Trading to All!
CME:LEV2020Short
by SwissTradingSchool
Cattle to close gap?!The break of the tenkan on the Daily shows we have lost the positive momentum we had generated at the end of October. In fact the momentum was so high at that period that we created a big gap, the close of which is the basis of our trade.Price just couldn't go past the SSA on both the weekly and the monthly creating this slowdown in momentum we intend to capitalise on .We take some off the table around the daily kijun area and the rest on completion of the gap close. The lagging is in check and has no obstacles beneath it. Entry: 2 small position at 118.100 SL: 120.800 ( safely above the highs) TP1: 114.650 (daily kijun area) TP2: 112.925 (completion of gap close) NB: The whole point of trading is to make a modest return risking as little as possible. Risk management is key!
CME:LE1!Short
by taftrader
Live Cattle: Strong long term Buy Opportunity.Live Cattle has hit this month the 94.300 1M Support, with the last time we saw these levels being in October 2016. The price appears to be trading within a long term Rectangle within 94.300 and the 130.500 - 134.525 Resistance Zone. The current 3 week rebound on the 1M Support makes LE an automatic long term buy opportunity. We are therefore long at the moment and having calculated all possible scenarios within this Rectangle, we concluded that profit should be taken within 116.500 - 127.500. Take advantage of this opportunity based on your won risk tolerance levels. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME:LE1!Long
by InvestingScope
5
Live Cattle Futures? Buying, wait for Sept Candle To CloseLook at 2016,2017 & 2018 monthly chart. What happened in the month of September, yes price action found major support for rest of the year, then was bullish for the rest of the year. I see live cattle finding support this month around yearly S2 pivot point noted on the chart (by the blue arrow). If you buy and sell live cattle futures, would look into buying at this $90 area and up to $110 range, starting in October. The green area noted under $90 area happened around 10 years ago, when live cattle futures bottomed out, I hope that doesn't happen related to China Tariffs or other sudden agriculture events. With everyone well in life and trading. Keep on Trading on.
CME:LE1!Long
by Anbat
Live Cattle buy opportunityI realize there aren't many commodities traders on here, so this is mostly for myself and my own journal. I see a long opportunity in the Cattle market and hope to see a possible move to at least 110 in the weeks ahead. Cattle has been beaten down recently due a number of reasons. The main reasons I see are tariffs, declining profits due to the increased price of corn, and an emerging trend in preformed vegetable matter aka "beyond meat". I believe the tariff situation with China should start moving in a positive direction by the end of this month, and also the USMCA trade agreement with Mexico and Canada will almost certainly be ratified, which should increase the exports of US beef. My main reasoning behind this trade is mostly a belief that cattle is now at bargain prices and presenting a buy opportunity. Target = 110.00 SL = 102.40
CME:LEQ2019Long
by gstorms
Live Cattle (LE) ShortSo, 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
CME:LE1!Short
by Quinkong
Live Cattle: Cyclical sell opportunity.Live Cattle has been trading within a long term 1M Rectangle (RSI = 45.889, CCI = -24.7510, Highs/Lows = 0.0000) roughly since late 2016. This March the price was rejected exactly on the 1W Resistance (130.500 - 134.525) and in April another Lower High attempt failed. This resulted in a strong downfall which is expected to test again the 1W Support Zone (101.625 - 104.150) before another rebound. We are on a long term sell with TP = 104.250. See the call of this trade before the strong rejection took place: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME:LE1!Short
by InvestingScope
1