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Theodore, Saskatchewan | Hi jpartner,
I have been pondering the cattle market, and where would whales show up again? If they show up it should be in the gap, small traders are selling it, why well it did not hold support after breaking out of the range, hard move down, fill the gap......sell sell sell. But what are the whales doing? They sold it early in the week and pushed it down. We do not know there agenda or what they want to do.....but where would they show up. Well if a move up is coming lets keep it in our trading range and keep loading up. Just like beans in Aug they were buying them at 1550 and loading up for the next leg. Is the same thing happening in cattle???? We will know soon.
In regards to your question I have been seeing an interesting pattern on the cattle chart because it spikes down before moving higher to close corn did it the other day at 7 40. We are trading a range again. | |
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jreiser...cattle
