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Where Are Feeder Cattle Prices Going ?


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Feeder Cattle Futures---Feeder cattle futures in the August contract is currently trading lower by 40 points at 133.10 reversing earlier gains as prices traded as high as 135.67 as we continually trade within a tight trading range over the last 8 weeks.

If you take a look at this chart and the live cattle chart they are almost identical as I'm keeping a close eye on both cattle markets as my break out rule states that the longer the consolidation the more powerful the breakout becomes as this will break out soon in my opinion, but I just don't know in what direction.

Feeder cattle is trading right at its 20 and 100 day moving average as the trend is mixed, however I still have a bearish bias and if prices break the 128.67 level I will be recommending a bearish trade, however you have to remember this is a highly volatile trade as we had a 500 point range over the last 2 days which equals $2,500 if you're on the wrong side of the trade.

If you take this trade make sure that you only risk 2% of your account balance on any given trade as the proper money management technique as we could be involved any day.

TREND:MIXED

CHART STRUCTURE: EXCELLENT

VOLATILITY: INCREASING

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

TWITTER---@seeryfutures

Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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