Jim Wyckoff's Weekly Cattle, Hog Outlook
ANALYSIS - Watch the CME live cattle futures market closely on Friday - if it is at or near the weekly lows this could indicate a near term top, reports Jim Wyckoff for TheCattleSite.com.
29 May 2014
1 minute read
Wyckoff said cash prices may also have hit a near top top as well. Sales for boxed beef have been light this short holiday week.
TheCattleSite News Desk
IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any traders and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.
Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 1. Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.
