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Cattle Key Reversal
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Sat
Posted 1/3/2017 11:41 (#5741064 - in reply to #5740787)
Subject: CLOSE ENOUGH ?


Buxton ND
Blacky only thing I would change is a much finer red line.
All those old highs, there were 5 of them in the middle 2000's average 118.82
So if you could have a super fine and very sharp pencil that line would @ 118.82
The low of GFV16 (Oct feeders) was *****119.80*****
So in my book that close enough ?
So did feeders stop the nasty blood bath flush at 119 out of the blue ?
Or did other traders have their noses buried in the old moldy charts ?
SAME line applies to fats its just more ball parkish

Using that old mid 2000's range projecting forward, price would be xxx.xx to xxx.xx ?
Should I just tell you the price ?
Or would you learn better doing it your self ?

Side Note: Hogs are looking to do a cows KR like Friday.

NEXT KR, my guess is crude
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