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COW

CoW Protocol About to Enter Bullish Zone (214% Easy Target)'Next target' has 484% profits potential. This target is projected to hit mid-term, that is, within 3 months (90 days)... Boost & keep reading below! Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful week and day. COWUSDT is about to enter the bullish zone, when the action moves above EMA55. The magenta line on the chart. This altcoin is already bullish because it is no longer bearish. The low happened 7-April and as you can see, the market has been sideways since early February. 150 days. More than 5 months. Notice how daily trading volume is almost flat but some days stand out with increased buying. You see green bars shooting up but never red bars. This reveals a bullish bias. We are witnessing the early days before a major bullish breakout. One that will lead to 200% and up to 500% profits mid-term. Long-term, there can be more. Thank you for reading. Another easy trade, huge profits, easy chart. Buy and hold. Namaste.
Long
by MasterAnanda
1
COW Analysis (12H)From the point where the red arrow is placed on the chart, the correction of COW has started. This correction appears to be a symmetrical pattern, and it now seems that we are at the end of wave H. The green zone is where wave I could potentially end, offering a low-risk area for entry. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
A new signal to maintain purchasesTo date, we have passed the middle of the month, I want to consider the prospects for the end of the year. The second half of the month opened positively on the air above 3750 and 3850, which gives signals to exit above 4000 in order to test the 4250-4500 range. This is a positive signal for altcoins, and therefore we have seen new growth impulses for coins for the upcoming continuation of the trend. Bitcoin opened the second half of the month above 100k, which reduces the probability of a retest of 75-85k in the near future. However, an opening below 102.5 gives a signal for a flat of about 100k with attempts to go lower. With this picture, it is likely to go to the 110-115k test with a further return to 100k by the end of the year, which will lead to a rollback on the air, even taking into account positive signals. According to the overall picture, the probability of growth this week prevails as part of the continuation of the trend of the current month and quarter. But from next week until the end of the year, it is worth keeping in mind the likelihood of a new wave of pullback in the market according to the annual schedule, which may continue in January. With such a picture, it is worth being careful about overbought coins with large capitalization. As I wrote earlier, the rollback on such coins, which began at the first market disruption at the beginning of the month, may continue until the end of the year with the transition to active sales in the new year. More interesting are the oversold coins, which continue to turn the annual candle into a bullish one. New waves of growth on the local market, in particular, can be expected for VIB. Signals have been left for further overshooting and in the event of a breakdown from the third wave of 0.125, the road to the range of 0.15-25 will open. Growth is still going against the entrenched bearish trend on the monthly chart, giving rebounds from key levels and new opportunities for safe earnings without excessive overbought. A local replay can also show OG TROY AST. According to OG, there are clear signals for a retest of 7.5-9$ at least. The token has quite a lot of liquidity, which provides sharp breakouts. TROY, along with OG, has signals for further overshooting. In the case of a 0.0075 breakdown, there is a probability of a powerful growth wave for the 0.0125-150 test. At the moment, we are working out the sales momentum of 0.0035, which occurred before the last wave of growth. From 0.035-40 from the third wave, there is already a chance to break above 0.0075. However, with a negative market, there is a probability of a breakdown to 0.0250-275 before the start of growth on the move. AST has targets at 0.21-25, where it can break through in case of consolidation above 0.15. However, incomplete emission exerts additional pressure, which leads to trend disruptions and increases the likelihood of a breakdown as we approach the end of the year. This month, there has not yet been a new delisting announcement, which threatens the dynamics of coins with the monitoring tag. If there is no announcement in the next couple of days, I will be looking at new AKRO and VITE purchases in the second half of the week. Also, with them, HARD can give a new impetus. However, the threat of delisting next week is likely to make the growth waves quite short-term.
BITSTAMP:ETHUSDLong
by Strateg_
Probable move over VIBAgainst the background of maintaining purchases this week, there is a fairly high probability of moving over VIB, which has already given 6 waves of 25-70% over the past two months. Trying to grow against the established bearish trend on the monthly chart, technical rollbacks occur from most levels to the base of the previous figure, which gives new and new opportunities for scalping, despite the fact that the token remains in a rather oversold position with a small risk of drawdown. So far, the goal in the case of a calm market is to continue the reversal of the annual candle with an attempt to test the range of 0.15-25. To date, we are drawing a shadow on a new weekly candle. The main reversal zone is the flat range of 0.0875-950 near the strong formed support level of 0.09. The opening of the month above 0.075 gives a signal for an attempt to consolidate above 0.1. The opening of the second half of the month above 0.09 supports this dynamic. In an optimistic scenario and in the absence of a deeper pullback on the tops, a reversal and return to the bullish VIB trend is possible today with a reversal of the current daily candle into a bullish one. With less volatility and the closing of a new daily candle above 0.09, a return to the hay is likely within a couple of days. With a reversal today and tomorrow, there is a possibility of returning to the top of growth in the binance, even with a small percentage of price increase, given the low–volatility market. This could lead to a sharp influx of liquidity and a new breakdown, which we observed over the weekend. The new wave can give up to 50-70% growth at least. With an extremely negative market and disruption of the tops, there is a probability of a deeper retest of 0.075-80. To date, a retest of this range is more likely at the end of the month after the breakout and in the absence of price consolidation above 0.125 or with a rebound from this level from the third wave. Besides OG and TROY, VIB has the highest goals among coins without a monitoring tag.
VLong
by Strateg_
Cow/UsdtBINANCE:COWUSDT 🚨 Current Price: 0.3950 If the price holds around 0.3950, we could see it push higher to these levels: 💥 0.4263 – A possible resistance level, where it might face some selling. 💥 0.4600 – If it breaks through 0.4263, it could move up here next. 💥 0.5200 – This is a key level to watch for further upside. But if the price doesn’t hold 0.3950 and starts to drop, the next support levels to watch are: ⚡ 0.3600 – A solid support level, where the price might bounce back. ⚡ 0.3138 – If it falls through 0.3600, this could be the next stopping point. 📉 Explanation: If the price stays above 0.3950, it's showing strength, and there’s potential for it to rise toward those target levels. If it drops below 0.3950, we might see it test those support levels, with 0.3600 and 0.3138 being key areas to watch for a potential bounce. ⚠️ Just sharing my thoughts, not financial advice! Always do your own research before making moves! 📈💡
by Wolftrader1337
COWUSDT %400 DAILY VOLUME INCREASE DONT SLEEP!This looks like my latest PEPEUSDT Analysis We took %17 reaction on the last one, I believe we can take very good reaction from the first blue box and HTF buy zone in case of a crash is lower blue box. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence
Long
by UmutTrades
WOLF, IS IT TIME TO JOIN THE WOLF PACK? TRENDS AND PRICE TARGETSBearish price targets are also sell targets for bulls. Bullish price targets are sell targets for bears. Basically, price targets are relative to your trade. If confused, please ask. Why are we talking about bears with WOLF? #1 answer Sharp Downtrends And support trends trading in a bearish direction. #2 answer Gaps to the topside. #3 answer RSI still bearish In an ideal world, price might project something like the guideline I've drawn. Don't follow this guideline, it is more for me to backtrack and correct errors. On top of that, I create a lot of charts, and to remember what I was seeing on a chart, multiple months in the past can be nearly impossible. However, it is there to show you a one of many potential movements out of these trends, I often draw the most natural movement, which doesn't always align with reality. Instead, focus on trend breaks and price targets. Earnings on the 24th of FEB. "Hungry Like the Wolf Duran Duran Darken the city, night is a wire Steam in the subway, earth is afire (do-do-do-do-do-do-do-do-do) Woman, you want me, give me a sign And catch my breathing even closer behind (do-do-do-do-do-do-do-do-do) In touch with the ground I'm on the hunt, I'm after you Smell like I sound, I'm lost in a crowd And I'm hungry like the wolf Straddle the line in discord and rhyme I'm on the hunt, I'm after you Mouth is alive, with juices like wine And I'm hungry like the wolf Stalked in the forest, too close to hide I'll be upon you by the moonlight side (do-do-do-do-do-do-do-do-do) High blood drumming on your skin, it's so tight You feel my heat, I'm just a moment behind (do-do-do-do-do-do-do-do-do) In touch with the ground I'm on the hunt I'm after you A scent and a sound, I'm lost and I'm found And I'm hungry like the wolf Strut on a line, it's discord and rhyme I howl and I whine, I'm after you Mouth is alive, all running inside And I'm hungry like the wolf Hungry like the wolf Hungry like the wolf Hungry like the wolf Burning the ground, I break from the crowd I'm on the hunt, I'm after you I smell like I sound, I'm lost and I'm found And I'm hungry like the wolf Strut on a line, it's discord and rhyme I'm on the hunt, I'm after you Mouth is alive, with juices like wine And I'm hungry like the wolf Burning the ground, I break from the crowd I'm on the hunt, I'm after you Scent and a sound, I'm lost and I'm found And I'm hungry like the wolf Strut on a line, it's discord and rhyme I'm on the hunt, I'm after you Mouth is alive all running inside Songwriters: John Taylor, Simon Le Bon, Nick Rhodes, Andy Taylor, Roger Taylor. For non-commercial use only."
NYSE:WOLF
by nicktussing77
Live Cattle Drift LowerCattle Summary Daily Cutout Values Choice: 258.34, Down 1.45 from the previous day. Select: 237.74, Down 1.94 from the previous day. Choice/Select Spread: 20.60 5 Area Average Cattle Price Live Steer: 144.85 Live Heifer:145.00 Dressed Steer: 229.85 Dressed Heifer: 229.80 Daily Slaughter Estimated at 125,000 head, 1,000 more than last week and 6,000more than the same week last year. Feeder Cattle Index 8/30/2022: 183.04 8/29/2022: 183.00 Technical Snapshot Live Cattle October live cattle broke lower yesterday, taking out the previous day's low, making its way closer to the cluster of major moving averages, which we've listed as near-term downside target for some time now. If the market is unable to defend this support pocket, it's possible that we see the selling accelerate. We are keeping a very close eye on outside markets as they remain volatile and seemingly uneasy. Resistance: 145.10-145.975***, 147.35-147.50** Pivot: 143.25-143.775 Support: 141.75-142.10****, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Live Cattle Shrug Off Outside Market WeaknessCattle Summary Daily Cutout Values Choice: 259.79, Down 3.25 from the previous day. Select: 239.68, Down 3.07 from the previous day. Choice/Select Spread: 20.11 5 Area Average Cattle Price Live Steer: 144.00 Live Heifer: N/A Dressed Steer: N/A Dressed Heifer: N/A Daily Slaughter Estimated at 126,000. Unchanged from last week and 6,000 more than the same week last year. Feeder Cattle Index 8/29/2022: 183.00 8/26/2022: 183.16 Technical Snapshot Live Cattle October live cattle futures were able to break the 4-day streak of lower prices, on a day when the outside markets saw meaningful pressure. If you're bullish the market, this is your silver lining. The market finished the session right near the upper end of our pivot pocket, 143.25-143.775. If the Bulls can keep yesterday's momentum alive, perhaps we see a retest of 145.10-145.975. We are in the camp that the cash market may stall out, which could limit the upside. We are monitoring outside markets and commodities as a whole, if they continue to trend lower, it will be an uphill climb for live cattle. We are still in the camp that the three major moving averages could be tested in the near term. Resistance: 145.10-145.975***, 147.35-147.50** Pivot: 143.25-143.775 Support: 141.75-142.10****, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Cattle Futures Finished Lower Yesterday. More of the Same TodayCattle Summary Daily Cutout Values Choice: 264.46, Up 1.09 from the previous day. Select: 239.72, Up .13 from the previous day. Choice/Select Spread: 24.74 5 Area Average Cattle Price Live Steer: 144.39 Live Heifer: 143.70 Dressed Steer: 229.93 Dressed Heifer: 229.86 Daily Slaughter Estimated at 124,000. 5,000 more than last week and 6,000 more than the same week last year. Feeder Cattle Index 8/12/2022: 179.04 8/11/2022: 178.28 Technical Snapshot Live Cattle October live cattle held well early in the session but gave up ground as the day continued. The Pullback brought prices back into our pivot pocket from 142.75-143.75. In yesterday’s report we noted that “The Bulls have the technical advantage until we see a breakdown back below this pocket.”. A failure to defend this level in today’s session could lead to a retest of trendline support and three major moving averages. All of these indicators come in from 141.35-141.90. With so many indicators converging in one pocket, we are labeling this as a MUST HOLD level. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 142.75-143.75 Support: 141.35-141.90****, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Cattle Futures are on the MOOOveCattle Daily Cutout Values Choice: 263.23, Down 1.50 from the previous day. Select: 237.08 Down .62 from the previous day. Choice/Select Spread: 26.15 5 Area Average Cattle Price Live Steer: 146.00 Live Heifer: 139.15 Dressed Steer: 231.87 Dressed Heifer: N/A Daily Slaughter is estimated at 126,000. 2,000 more than last week and 8,000 more than the same week last year. Weekly Export Sales Beef: Net sales of 14,600 MT for 2022 were up 22 percent from the previous week, but down 17 percent from the prior 4-week average. Technical Snapshot Live Cattle October live cattle recovered all of the losses from the previous session and then some, achieving their highest daily close since the month of May. If the Bulls are able to defend support and mark higher lows, then the April gap is still in-play, 145.10-145.975. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 142.75-143.75 Support: 141.425-141.90***, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Consolidating Cattle Tuesday's Slaughter is estimated at 124,000. 1,000 less than last week, but 1,000 more than the same week last year. Tuesday's Cutout Values Choice: 268.46, Down 2.14 from the previous day. Select: 241.55, Down 1.35 from the previous day. Choice/Select Spread: 26.91 5 Area Average Cattle Price Live Steer: N/A Live Heifer: N/A Dressed Steer: N/A Dressed Heifer: N/A Live Cattle Technicals (October): Consolidation is the name of the game for live cattle, as futures continue to tread on/near the 100-day moving average, 141.85. A break and close below this pocket could take us down to a 140.40-140.975. This pocket represents the 50 and 200 day-moving average, along with trendline support from the May 31st lows (all of which are climbing higher each day. As mentioned in previous reports and interviews, we would look at this as a potential buying opportunity for clients who want to be long. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 141.85 Support: 140.40-140.975***, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Live Cattle Continue to Consolidate Friday’s Slaughter is estimated at 124,000. 5,000 more than last week and 11,000 more than the same week last year. Friday’s Cutout Values Choice: 269.24, Up 1.47 from the previous day. Select: 242.25, Up 1.44from the previous day. Choice/Select Spread: 26.99 5 Area Average Cattle Price Live Steer: 139.07 Live Heifer: 137.73 Dressed Steer: 225.42 Dressed Heifer: 225.34 Live Cattle CoT Update: Friday’s Commitments of Traders report showed Managed Money were net buyers of 17,841 futures/options through July 26th. This expands their net long position to 37,505. Technicals (October): For the week, October live cattle were down .775, trimming the gains for the month to 3.45. Despite the lower price action last week, the 100-day moving average was able to hold, that comes in at 141.86. A break and close below here could take us to the 50 and 200 day moving average, 140.225-140.90. Within this pocket is trendline support from the June lows. Our short-term bias is pretty neutral, but a pullback to this support pocket would likely have us looking to lean more on the bullish side. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 141.80-141.90 Support: 139.975-140.675**, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Is Cattle Due for a Pullback? Tuesday’s Slaughter is estimated at 125,000. Unchanged from last week, but 6,000 more than the same week last year. Tuesday’s Cutout Values Choice: 269.11, Up 1.00 from the previous day. Select: 243.88, Down 1.12 from the previous day. Choice/Select Spread: 25.23 5 Area Average Cattle Price Live Steer: 141.00 Live Heifer: N/A Dressed Steer: N/A Dressed Heifer: N/A Live Cattle Technicals (October): October live cattle futures gave back some ground yesterday after failing to get out above technical resistance. The market pulled back, but it wasn’t enough to do any technical damage. A break and close below our pivot pocket from 141.80-141.90 may be the inflection point which may cause more damage if it cannot hold. Below that pocket, there isn’t a lot of meaningful support until you get closer to trendline support, the 50 and 200 day moving average. All of these come in from about 140-141. We wouldn’t be surprised to see the market retest these levels in the near term. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 141.80-141.90 Support: 139.975-140.675**, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LEV2022
by OliverSloup_BlueLine
Are Cattle Futures Set for a Bigger Breakout? Friday's Slaughter is estimated at 119,000. 1,000 less than last week, but 7,000 more than the same week last year. Friday's Cutout Values Choice: 267.12, Down .64 from the previous day. Select: 242.50, Up 1.97 from the previous day. Choice/Select Spread: 24.62 5 Area Average Cattle Price Live Steer: 140.65 Live Heifer: 138.50 Dressed Steer: 227.51 Dressed Heifer: 226.76 Cattle on Feed Snapshot Cattle on Feed 100% VS Estimates 99.8% Placed: 98% VS Estimates 94.3% Marketed: 102% VS Estimates 102% Live Cattle Commitments of Traders Update: Friday’s Commitments of Traders report showed Managed Money were net buyers of 1,585 contracts through July 19th. Majority of this was short covering. This puts their net position at 19,665 contracts. This is a historically small position. We would consider a net long of 40k as relatively neutral positioning. Technicals (October): Live cattle futures finally got a nice move higher on Friday, will that be sustained in today’s trade? TBD. The market is testing the highs from June 9th and June 21st. A close above here could open the door for an extension into April 25th gap, 145.10-145.975. The Bulls will want to defend 141.80-141.90. Resistance: 145.10-145.975****, 147.35-147.50** Pivot: 141.80-141.90 Support: 139.975-140.675**, 138.025-138.35**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Cattle Consolidate Ahead of USDA Report Wednesday’s Slaughter is estimated at 124,000. 2,000 less than last week, but 6,000 more than the same week last year. Wednesday’s Cutout Values Choice: 270.53, Down 2.04 from the previous day. Select: 242.25, Down 1.48 from the previous day. Choice/Select Spread: 28.28 5 Area Average Cattle Price Live Steer:136.59 Live Heifer: 136.56 Dressed Steer: 227.60 Dressed Heifer: 228.00 Cattle on Feed Estimates (Report out tomorrow after the close) On-Feed: 99.8% Placed: 94.3% Marketings: 102% Live Cattle Technicals (August): The technical landscape remains unchanged as the market continues to consolidate and linger near the 100 and 200 day moving averages (135.60 and 135.70). The August contract is starting to run against the shot clock so we will start covering the October contract starting next week. Resistance: 137.95-138.75***, 140.275**, 141.625-141.825**** Pivot: 135.575-135.725 Support: 134.20**, 132.775-133.30***, 129.975-130.725**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine
Is a bigger move on the horizon? Monday’s Slaughter is estimated at 125,000. Unchanged from last week, but 9,000 more than the same week last year. Monday’s Cutout Values Choice: 270.55, Up 1.64 from the previous day. Select: 242.66, Up .87 from the previous day. Choice/Select Spread: 27.89 5 Area Average Cattle Price Live Steer:142.12 Live Heifer: 139.98 Dressed Steer: 229.48 Dressed Heifer: 229.62 Live Cattle Technicals (August): August live cattle futures came out of the gate strong to start the week but gave back some of those early games by the afternoon session. Though the price action was again disappointing as it continues to test the patience of the Bulls, there was no technical damage done. We remain optimistic and believe that a run into the April 25th gap is still possible, but we are starting to run against the shot clock and wouldn’t recommend holding your breath for that move. Resistance: 137.95-138.75***, 140.275**, 141.625-141.825**** Pivot: 135.575-135.725 Support: 134.20**, 132.775-133.30***, 129.975-130.725**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LE1!
by OliverSloup_BlueLine