Live Cattle Trade Signal Alert for February 06th

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Here is my April Live Cattle futures trade signal alert for the day of Feb 06th only. Buy stop entry signal above 127.200 and first stop loss below 125.125. Targets at 128.000 and 130.000. If filled on a signal then each day I  move my protective stops to limit losses until I exit the position. I do not update my stop losses on this free service. A simple way to determine stop loss points is to use the 9 and 18 exponential averages.

“CHICAGO, Feb 5 (Reuters) – Chicago Mercantile Exchange live cattle futures on Monday finished lower for the first time in three session due to profit-taking and continued heavy stock market losses, said traders. “People were just watching what happened with stocks over the past few days and decided they wanted out of everything and figure it all out later,” a trader said……https://www.reuters.com

This commentary and chart is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by Barchart.com

Futures trading advisory

 

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