Email Address:
chris.swift@rcgdirect.com
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feel free to call. I do not mind being called. Toll Free
1-877-863-2206
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www.shootinthebull.com
Futures
trading is not for everyone. The risk of loss in trading
futures can be substantial; therefore, carefully consider
whether such trading is suitable for you in light of your
financial condition. Past performance is not indicative
of future results, and there is no assurance that your
trading experience will be similar to the past
performance.
Live Cattle:
I recommend maintaining a long position in the October cattle
with a sell stop to exit only at $105.50. The oscillator on
the hourly chart has reached the zero line. This leads me to
anticipate the correction to be near completion. If so, then a
new contract high would be anticipated.
Feeder Cattle:
I recommend maintaining a long position in the August and October
feeder cattle with a sell stop to exit only at $107.45 August and
$109.60 October. Feeder cattle appear to still have some
room to the upside before making a correction of some kind.
The contract high in the August contract is $114.80 made at
inception of the contract. This area may provide some
resistance.
Corn:
I recommend maintaining a short position in the December
corn with a buy stop to exit only at $6.56. Although higher on
the day, corn is struggling. The chart below is condensed to
show where it has come from. The inability of the oscillator
to reflect strength at new highs remains bothersome. The down
trend of the oscillator and up trend in prices just doesn't bode
well. Now that prices have begun to slip out of the rising
wedge, I anticipate further declines.
chris.swift@rcgdirect.com
New Account Forms Click Below
Account Forms
Live account forms on line. They are very simple to use
and can be filled out in a matter of minutes. I hope I have earned
the right to execute some of the trading business you do. If
you have any questions or would like further information, please
feel free to contact me at anytime.
Rosenthal
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