From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
Breakouts continue to emerge left and right within the commodity space as participation expands to more and more subgroups.
One of the areas that’s had our attention lately is Livestock. Last month, we highlighted lean hogs.
And while they’ve since fallen back below our risk level, we’re now seeing cattle futures attempt to break higher from a similar base.
Let’s dive in and outline some long setups in these livestock futures as they’re offering a favorable risk/reward at current levels… [Read more…]