A Deeper Look At Cattle
Presented by Heartland Investor Capital Management Inc. CTA
Cattle Market Analysis:
Live cattle declined sharply, likely ending wave five of a larger wave three.
Feeder cattle breaking lower, with support around 189-190 and Fibonacci support near 193.
Seasonal pressure expected in summer, with potential recovery into October-December.
Feeder Cattle Technical Analysis:
Five-wave rally now retracing, with 38% Fibonacci support near 261.
Potential for wave four completion, but no clear ABC correction yet.
Outside day up suggests a possible low forming, but confirmation needed.
Soybeans Market Analysis:
Complex corrective structure with W, X, Y waves instead of traditional ABC pattern.
Struggling below key moving averages, with resistance at 1042-1045.
February seasonally weak, with further downside likely.
Corn Market Analysis:
Strong buying support on price dips due to global stock rebuilding.
Wave three advance likely continuing higher.
Old crop demand remains strong despite market volatility.
Wheat Market Analysis:
Corrective move lower after last week’s high, targeting support around 565-567.
Cold weather concerns minimal until dormancy breaks.
Russia’s diminished export supply supports longer-term bullish potential.
Crude Oil Market Update:
Another low formed, with wave one likely bottoming near 69.5.
Short-term recovery possible before wave three resumes downward.
Long-term trend remains bearish, with lower lows expected.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.