Here is my April Live Cattle futures trade signal alert for Jan 21st only. Buy stop entry signal above 123.850 and first stop loss below 122.125 If filled on a signal then each day I will move my protective stops to limit losses until I exit the position. I do not update my stop loss orders.
Cattle futures gave back some of the weeks gains on Fridays session despite the lack of cash development. February live cattle finished Friday down .10 at 121.925, this after trading in a range of 1.80. For the week, Feb fats were up 4.425, trading in a range of 5.30. The now more active April contract finished Friday down .90 at 122.65, trading in a range of 1.725. For the week, April fats were up 3.05, trading in a range of 4.35. March feeder cattle finished Friday down 1.75 at 145.55, trading in a range of 2.975. For the week, March futures were up 2.80, trading in a range of 5.775.
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