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Cattle chart...
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Spikes
Posted 2/26/2024 09:32 (#10640460 - in reply to #10640198)
Subject: RE: Cattle chart...


You wrote..."What good are these charts to someone who is actually farming and not trying to swing the trade commodities market?" 

Well, my here's my answer in the form of a question...

Would it not be a good thing to be able to know when to put on a hedge and know when to lift a hedge at the best profitable time? 

You're partly right...chart patterns like triangles and wedges and such are subjective...taking the subjectivity out of the analysis is the only way to forecast. 

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