Wednesday, August 28, 2013

Live Cattle

Live cattle had big town trend all year, with grains, could be time for big reversal.
A developing upward channel taken form on the daily chart. 1yr POC support so far (green solid horizontal line on VP) and 89VWAP/EMA and 50 day SMA support @ 126.255 but channel support meets HVAL & LVN @ 125.50.
The 1hr looks like could indicate smooth entries @ TL & 90day POC.

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