Live cattle moves lower gives a sell signal

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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.
Live cattle futures declined today (6/10) following three previous sessions of grains.

This move lower gives me a sell signal for August live cattle on the daily chart. This market seems to have been correcting since the beginning of the month and may make new lows. There is some good support around 101 even.

Call me for trade set-ups at (312) 277-0112

Review what I consider a "sell signal" with Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k

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Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

To view my thoughts on other markets visit Larry Baer's Options & Futures Trading Strategies blog: http://larrybaer.com
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.


 
 
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