{"id":113046,"date":"2017-09-18T08:58:04","date_gmt":"2017-09-18T12:58:04","guid":{"rendered":"http:\/\/countingpips.com\/?p=113046"},"modified":"2017-09-18T04:59:14","modified_gmt":"2017-09-18T08:59:14","slug":"cattle-technical-analysis-higher-beef-consumption-exports-bullish-for-live-cattle","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/cattle-technical-analysis-higher-beef-consumption-exports-bullish-for-live-cattle\/","title":{"rendered":"CATTLE: Technical Analysis &#8211; Higher beef consumption, exports bullish for live cattle"},"content":{"rendered":"<div id=\"inves-3935159972\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 18, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Higher US beef consumption and exports bullish for live cattle<\/strong><\/p>\n<p>US beef consumption and exports are forecast to rise. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/indices-prices\/lcattle\">live cattle price <\/a> continue rallying?<\/p>\n<p>The recent US Department of Agriculture WASDE report estimated US per capita demand for beef will grow by 3.6% this year, to 57.6 pounds. The per capita beef demand is forecast to grow also in 2018 another 1.6%, third annual gain in a row. US beef exports are also forecast to rise as US gained access to Chinese market. Increasing domestic consumption and export demand for beef are bullish for live cattle prices.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/LCATTLE_18Sept2017.png\" alt=\"LCATTLE\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>LCATTLE: D1<\/b> has been rising after hitting nine-month low in late August. It has breached above the resistance line.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Donchian channel <\/b> indicates uptrend: it is tilted up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a buy signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/MACD\">MACD indicator <\/a> is bullish: it is below the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is rising but has not reached the overboughr zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price closes above the upper boundary of Donchian channel at 112.16. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the last fractal low at 108.7. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (108.7) without reaching the order (112.16), we recommend cancelling the position: the market has undergone internal changes which were not taken into account.<\/p><div id=\"inves-1591126754\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 112.16<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 108.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Higher US beef consumption and exports bullish for live cattle US beef consumption and exports are forecast to rise. Will live cattle price continue rallying? The recent US Department of Agriculture WASDE report estimated US per capita demand for beef will grow by 3.6% this year, to 57.6 pounds. The per capita beef [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113046","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113046"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113046\/revisions"}],"predecessor-version":[{"id":113070,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113046\/revisions\/113070"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}