Live Cattle: Looking For Lower Prices
Comments on the chart. Would not like to see 119 as this will trash this idea
Komentarz:
50sma has gone. Trendline has gone as well. Idea is working out. Funny thing happened today. I closed out my profitable short today and will open another one tomorrrow. I found out that IGIndex is charging £40 per day daily funding @£2.5 per point! Holy Cow! So I closed a profitable spread bet a few minutes before the close today and will open a short in the April contract tomorrow. Any retracement will be nice
Komentarz:
We have had a break below the uptrend like but price still looks strong. Could this just be a retest of the underside of the uptrend line? If 118.75 goes this idea is toast