March FEEDER CATTLE: (GFH6)
…last traded 165.45
164.50 is an OLD SUPPORT level and OLD RESISTANCE level.
The trendline from last July is starting to come into play.
If we trade back below 164.50, (which would be back to unchanged today)
there could be a nice downside move to trade…
Have a look:
Try The Cullen Outlook for 60 Days
The Cullen Outlook Trial - The Cullen Outlook is for those wishing to follow the moves of a technical trader. As a member of The Cullen Outlook, you’ll get to look over senior futures market strategist Brian Cullen’s shoulder, see the market set-ups that grab his attention, and learn what he looks for when analyzing a chart! You’ll also gain insight into Brian’s ideas from trade conception and entry point, to managing the trade, all the way up to trade exit.
The Cullen Outlook includes an email newsletter subscription.
The Cullen Outlook trial lasts 60 days.
Learn Futures Technical Analysis from a Pro with The Cullen Outlook
The Cullen Outlook is a futures trading newsletter for those wishing to follow the moves of Brian Cullen, an experienced technical trader. He’ll identify charts setups, provide direct trade recommendations and plans, and share other useful insights to help you become a better technical trader.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.