Watching for a Flare-Out

As you know, I've been friendly these cattle ever since they made that major low down at 209.50. I was projecting 208, so I missed it by a buck and a half!

But those who are subscribed, along with our trial subscribers, know we've been projecting a strong move to the upside in this cattle market.

So, I encourage you to hit the link in our bio and start a free trial with us to see what we continue to talk about.

But here, after having been friendly, I have to throw out a caution sign.

We're getting to a price level where December cattle, shown here on this continuation chart, could be getting close to a short-term flare-out around 233.

They could certainly overrun 233.

We have a Cattle on Feed report coming Friday, and the market is heading into it with a pretty friendly tone.

A neutral report could trigger a classic "buy the rumor, sell the fact" reaction. Even a friendly report could cause a flare-out on Monday, followed by that typical seasonal drift we sometimes see into early November.

So, this is something to watch out for!

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*This is not trading advice; past results are not indicative of future results*