I haven't updated my cattle idea in awhile, but it's been trading like I figured, since Feb. We've now hit multiple technical targets in this pocket up here. I think there's a good chance we get a decent correction from here down to the 198-197 area, although it could easily retrace down lower, more violent and sharp with fund long covering and momentum. Long term I am still bullish with my original idea back at the beginning of the year, and think we can get that 217-218 target in the fall.
My last idea this is continuing:
My last idea this is continuing:
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