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Live Cattle: Head And Shoulders Top

Published 04/21/2015, 12:28 PM
Updated 07/09/2023, 06:31 AM

The Live Cattle June – October 2015 spread looks like it put in a Head and shoulders top formation on the daily chart. It closed below the neckline today at-.500 and sets up a move to -2.400 in my opinion. I think you should get short the spread, selling the June and buying the October contracts. Use risk appropriate for your account size, or a rally above .425, today’s high.

Live Cattle: Daily

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