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TFC Commodity Trading Forum

Re: May Feeder Cattle/Update/Ncutt *LINK* *PIC*
In Response To: Re: May Feeder Cattle/Update ()

Well here is May Cattle in a line chart (closing prices only) that gets rid of the noise of intraday price action. And I've overlaid DX to show the relative performance. Quite typically they trade inverse to each other 'basically'. And with DX bumping up against significant price resistance of 82 and very overbought and likely to trade sideways between 81 and 82 for awhile (even if the trend is up again) I wouldn't expect FC to fall further due to DX only. Especially when the seasonal trend for FC bottoms for the year in late Feb to late March. Anything can and does happen but those are the odds technically in any case. Here are the c.o.t. stats for FC if you use them. See Link bottom left of this post or chart. It's getting late now even on the West Coast. And it never gets late here.....................