Feeder Cattle futures show fresh buy signal (1/10)
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
Feeder cattle futures rallied today (1/10) along with most of the meat complex.
This move higher gives me a fresh buy signal for March feeder cattle futures on the daily chart. This is the second buy signal on the daily chart for the feeder cattle since the trend changed to the upside in December. Today’s buy signal also seems to come after a nice retracement. On the weekly chart feeder cattle gave a buy signal three weeks ago and is showing a buy signal so far this week. Feeder cattle futures also gave a buy signal in November on the monthly chart and is showing a buy signal so far in this month (January 2012).
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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
