TMV Swing Trade Report – Short December Cattle at 121.50 – Hit the target! – Cattle traded to a new three-week low and dipped into the gap left from the higher open on September 26, 2011. Cattle reached the target objective (118.10) early in the session, but continued lower to post a low at 117.60. The market traded into the gap,but fell short of reaching the downward sloping median line before the market reversed and surged $4.00 higher. That was good timing!
John Crane
December Cattle - click to enlarge
