This Feeder Cattle Run Is On Fire.
Presented by Heartland Investor Capital Management Inc. CTA
Feeder Cattle:
Vertical bull run continues, achieving target of 337
Current leg matches golden ratio extension from prior wave
Acceleration phase lacks a true “thrust” breakout
Only four days in July saw a lower low vs. prior session
Weekly chart shows extreme parabolic rise since border closure
Seasonal peaks in prior years average around August 14–27
Breaks from highs have reached $30–$60 historically
Moving average support sits far below at 290
Black Swan risk window opens mid-August
Options suggested to lift LRP base and prepare for downside
Live Cattle:
Continuation chart shows 5th wave of bullish cycle
Target of 334.5 likely as October meets firm cash
December historically trades higher than summer lows
Grain Market:
Seasonal weakness continues, typical for late July
No sign yet of turnaround in corn or beans
Crude Oil:
Crude surges on EU deal to buy U.S. oil
Trump ultimatum to Russia fuels geopolitical risk premium
Market retraced 38%, eyeing 62% and 78% targets
Hurricane season mid-August could provide further upside trigger
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.