Ternak Hidup Analisis teknis | Ternak Hidup Jual beli: 2019-05-20 | IFCM Indonesia
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Ternak Hidup Analisis teknis - Ternak Hidup Jual beli: 2019-05-20

US beef exports may increase

Market participants believe that exports of beef from the United States in 2019 will be at the 2018 level. Will the LCATTLE quotations increase ?

In the first quarter of this year, exports of beef from the United States decreased by 4.7% compared to the same period in 2018. At the same time, LCATTLE quotations have fallen from the beginning of the year by 14%. Theoretically, in the time remaining to the end of the year, the export of American beef may increase. Additional positive impact may be the decision of Japan to cancel all restrictions on the supply of cattle meat from the United States. Some of them acted for more than 15 years after an outbreak of “mad cow disease” (bovine spongiform encephalopathy). The outlined growth of quotations of grain can also contribute to the rise in price of cattle, since grain is used in the production of combined feed.

LCATTLE

On the daily timeframe, LCATTLE: D1 is from a falling trend and is trying to adjust to the top. Various technical analysis indicators have generated upside signals. Further growth of quotations is possible in case of an increase in global demand and feed prices increase.

  • The Parabolic indicator demonstrates signal to increase.
  • The Bolinger-bands greatly expanded, indicating a high volatility.
  • The RSI indicator is below 50. It has formed a divergence to the increase.
  • The MACD indicator shows an uptrend signal .

The bullish momentum may develop if LCATTLE exceeds its last higher fractal: 111.4.This level can be used as an entry point for placing a pending order to buy. This level may serve as an entry point.The initial stop loss may be placed below the minimum from July 2018, the Parabolic signal and the last lower fractal: 107. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we are changing the potential profit/loss to the breakeven point. More 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 level (107) without reaching the order (111,4), we recommend to close the position: the market sustains internal changes that were not taken into account.

Technical Analysis Summary

PositionBuy
Buy stopAbove 111,4
Stop lossBelow107

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