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Spikes Cattle Market Thoughts
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Spikes
Posted 2/27/2021 16:32 (#8861977 - in reply to #8861719)
Subject: RE: Spikes Cattle Market Thoughts


Well the daily looks like it is pushing down especially on the front month. Weekly looks like it is starting to crash here to test support near the 111 area. Looks like a temp high is unfolding on the monthly which means you have at least three bars down, Dec looks like it could bounce at the 116 area. I would say if we get the 6th attempt at breaking that line in June, you could see Dec around the 130 area probably in Oct. Good chance April of 2022 would be around 140 area, with it continuing higher probably breaking new highs into 2024.

They do tend to sell it here...to make up the loss on the longs they were in, thinking it will come down...so this is the false move here to get them short. This is how they get you to pay for their longs...

Sp!ke


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