A strong case could still be made for a rebound in beef prices. I am a buyer.
I don't pay much attention to many indicators, but I always pay attention to volatility.
I don't pay much attention to many indicators, but I always pay attention to volatility.
Nota
long trade still not executed. I am baffled by the weakness in all meats. This is a situation where I become more interested in learning the real fundamentals behind meat pricesNota
Going long tomorrowNota
Up nearly 10%. First target is 116.40Dagangan ditutup: sasaran tercapai
Dagangan aktif
I am now short. Stop above 121. A retest of the 102 level is in the cards. Will buy there if we see that level. Will start taking a little profit at the 109 level or the level that corresponds with my traded contract. Ultimate target is 102 for a short.
Long entry will be at 102.
Nota
We seem to be on the verge of successfully retesting the 102 - 100 level. I will go long at 100.90 and will manage aggressively. The VIX shows no signal of reversal which is worrisome for longs. If the 100 level is broken, I think there may be a new norm setting in for livestock prices - somewhere in the 80s (which is likely the absolute floor for this market). Either way, pay attention now because a big trade is coming.
Nota
Missed long entry at 102. Definitely a shame. Big move from the low of 104.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.