Feb. Live Cattle are sitting on a very nice Trifecta.
1. Bullish Seasonal Tendencies
2. Bullish Commercial Traders Positions
3. Very Bearish Public Sentiment Which Is Bullish
The aggressive trigger for going long Cattle at this point will be the crossing of the 20 area on the slow stochastics.
The conservative trigger will be to wait until the first leg completes and then purchase on the first pull-back.
In either instance, keep a conservative stop loss in place.
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