TMV Swing Trade report – long October Cattle from 115.20 – current price @ 116.55 – Cattle happen to be one of the only commodities trading higher today. As other commodities are experiencing heavy selling pressure, cattle are beating the trend and trading sharply higher. Cattle are trading off a strong confluence of support from where the upward sloping reaction line intersected with the downward sloping parallel line, on the projected reversal date (August 31, 2011). For updates on this trade and other swing trading signals, go to www.tradersnetwork.com.
October Cattle - click to enlarge
