Subscribe to RSS

Forex Technical Analysis #C-FCATTLE : 25 November 2015

Reduced cattle numbers stopped falling prices

The October placements of cattle in US feedlots is 4% down compared to the last year’s level being the lowest since 1996, the year when the statistics was officially released first. At the same time, the beef prices slumped last week to the 2-year low. Will the beef prices rebound?

The US Department of Agriculture informed in its monthly Cattle on feed report that October placements in feedlots fell to 2.28mln head. The number of cattle heads sold to the packing companies and shops declined 3% in October compared to the last year, which is, nevertheless, slightly above the expectations of the market. The overall cattle on feed number for sale totaled 10.8mln in the US on November 1, 2015 which is 2% above the level of the same date last year. This may have been the reason for market prices to stay almost unchanged. Nevertheless, they stopped falling. At the moment, the trade volume is reduced due to the Thanksgiving Day in the US. The US stock exchanges will be closed.

FCattle

On the daily chart FCattle: D1 is consolidated near the support of the downward channel. The MACD indicator continues giving sell signal while Parabolic has formed a signal to buy. The Bollinger bands have widened significantly which may mean high volatility. RSI has formed small positive divergence. The bullish momentum may develop in case the beef surpasses the upper parabolic signal at 168. The level may serve the point of entry. The initial risk-limit may be placed below the lower Parabolic signal, last fractal and the 2-year low at 158. Having opened the pending order we shall move the stop to the next fractal low following the Parabolic and Bollinger signals. Thus, we are changing the probable profit/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop-loss level at 158 without reaching the order at 168, we recommend cancelling the position: the market sustains internal changes which were not taken into account.

Position Buy
Buy stop above 168
Stop loss below 158

 

 

 

More Details

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$30 Free Bonus Plus 30% Deposit Bonus – Ayrex

$30 Free Bonus Plus 30% Deposit Bonus – Ayrex(0)

$30 Binary Options No Deposit Bonus to all New activated Clients. Ayrex presents its very first Binary Options No Deposit Bonus for new traders. Sign up to get FREE $30 and turn them into a fully withdrawable $200! This bonus allows you to profit without making an investment and trade binary options risk-free. Link:  $30

$50 Forex No Deposit Bonus Exclusive Offer – FortFS

$50 Forex No Deposit Bonus Exclusive Offer – FortFS(0)

$50 Forex No Deposit Bonus Exclusive Offer to New and Existing Traders. The $50 Forex No Deposit Welcome Bonus can be received within the promotional time period, from 28.11.2016 to 07.12.2016 inclusive. Link:  $50 Forex No Deposit Welcome Bonus Link:  Up to 50% Bonus of Every Deposit Link:  15% Support Margin Bonus Available to: New

$25 Countdown Forex Bonus Promotion 2017 – ForexTime

$25 Countdown Forex Bonus Promotion 2017 – ForexTime(0)

$25 Countdown Forex Bonus Promotion 2017 new and existing will be eligible traders. ForexTime is offering by receive a $25 credit bonus when they make a deposit of $300 into their accounts*. Link:  $25 Countdown Credit Bonus 2017 Link:  Loyalty Cashback Promotions Link:  $4 Cashback back for every lot Ending Date: 31 December 2016 Available

100% US NFP Bonus Promotion December 2016 – Xtrade

100% US NFP Bonus Promotion December 2016 – Xtrade(0)

Up to 100% Deposit Bonus Promotion to All New and Existing Customers. December 2016 US NFP Announcement Deposit NOW $1000 to $5000 and receive 100% bonus! Link:  $50 No Deposit Bonus Promotion Link: 100% Deposit Bonus Promotion Link:  Free Flight Tickets to Madrid Available to: All New and Existing Customers Bonus Ending Date: Valid 01/12

100% Welcome Bonus Plus Risk Free Trade – Trade12

100% Welcome Bonus Plus Risk Free Trade – Trade12(0)

Get 100% Welcome Deposit Bonus and 7-day risk free trade, Boost your trading with a free 100% Welcome Deposit Bonus to your Live Trading Account. Link:  Get 100% Welcome Bonus Link: 50% Exclusive Deposit Bonus Available to: All new clients Ending Date: 31 December 2016 Bonus Offer: Get 100% Welcome Deposit Bonus Plus 7-day risk

Get 25% Credit Bonus on their first Deposit – HYCM

Get 25% Credit Bonus on their first Deposit – HYCM(0)

25% Credit Bonus available on your Deposits. Experience Some of HYCM New Features, Services and Offers Receive 25% Forex trading credit bonus Link:  25% Trading Bonus on your Deposits Ending Date:  31 December 2016 Available to:   New Clients only Bonus Offer: 25% Trading Bonus Available on your deposits to New Clients only. This promotion is

$300 Free win Forex Trading Credit Bonus – easyMarkets

$300 Free win Forex Trading Credit Bonus – easyMarkets(0)

$300 Free win Forex Trading Credit Bonus to all new and existing clients. Answer the weekend quiz and fill the form with your correct and accurate contact details. Link:  50% Deposit Bonus Up to $2000 Link:  $300 Free win Trading Credit Bonus Link:  $25 Forex No Deposit Bonus Available to: All new and existing clients.

$25 Free Bonus Forex & Binary Options – MarketsYes

$25 Free Bonus Forex & Binary Options – MarketsYes(0)

$25 No Deposit Bonus Forex / CFD & Binary Options. in order to get the No Deposit Bonus they must register and during the registration it will be a place to paste the coupon code: wl25cm . Link: $25 Free Bonus Forex / CFD & Binary Options Available to: All New Traders. Ending Date: 31

$50 No Deposit Forex Welcome Bonus – Fort Financial

$50 No Deposit Forex Welcome Bonus – Fort Financial(0)

$50 No Deposit Forex Welcome Bonus to New and Existing Traders. The $50 No Deposit Forex Welcome Bonus can be received within the promotional time period, from 28.11.2016 to 07.12.2016 inclusive. Link: $50 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: 15% Support Margin Bonus Available to: New and

$50 Free Black Friday Cash Bonus Promotion – XTrade

$50 Free Black Friday Cash Bonus Promotion – XTrade(0)

$50 Black Friday Free Bonus Promotion to all new Customers. Open an Account Today Start Forex Trading with Xtrade Broker and Get a $50 Black Friday Free Bonus Link:  $50 Free Black Friday Cash Bonus Link:  $20 Forex No Deposit Bonus Promotion Link:  77% Forex Depoait Bonus Promotion Ending Date: 31 December 2016 Available to:

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories