MeatIdea LLC

April Live Cattle Levels for 2/23/17

Disclosure: I am long April Live Cattle.

The market continues to be hate sold into oblivion as it was only 1 & months
ago when we were trading the same cash price and the futures were about $4
higher. Clearly someone is right and someone is wrong. For now, I am going to
ignore cash and focus on order flow. I believe these 116 & 115 levels are pretty
clear cut lines in the sand and want to position myself accordingly. Above 116 and
I see little reason to sell this market and under 115 I see no reason to remain long.

FYI: This feels eerily similar to how April hogs wouldnt get up and go with cash,
and we are now seeing that market get murdered as the pump and dump scheme is
well under way.

119.075 Limit up and -6 to Wednesdays cash trade.

118.75 Stall spot / minor resistance. Acceptance above here yields limit up.

118.50 118.60 Significant resistance.

118.125 Stall spot.

118 Minor resistance.

117.625 117.725 Significant resistance.

117.40 Resistance.

117.15 Key resistance.

116.775 Stall spot. An early stall here would be a terrible sign.

116.525 Minor resistance / area of interest. If we gap open above here this will
be my flex pivot.

116.375 Resistance / stall spot.

116.075 My pivot. Acceptance above here leads to 116.525 and then 116.775.
 MeatIdea LLC
April Live Cattle Levels for 2/23/17

115.85 Initial support. I expect value players to be very active here on a scale
down to 115.625. If they are not I believe this market is fucked and would likely
give up buying the market for a few sessions.

115.625 Significant support.

115.10 Stall spot.

115 Key support line. Under here and I will give up any dreams of the long side.

114.65 Minor support.

114.50 Significant support. I expect buyers to be active in this area down to

114.10.

114.10 Support.

113.875 Support.

113.375 Minor support.

113.075 Limit down.

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The information contained in this message has been obtained from sources
believed to be reliable but is not guaranteed as to its accuracy or completeness. All
known news and events have already been factored into the price of the underlying
commodities discussed.

Past performance is not indicative of future results. All mentioned trades are based
on technical signals/indicators and do not include slippage or cost. Not all trades
 MeatIdea LLC
April Live Cattle Levels for 2/23/17

mentioned are taken. Results are based on what the signal indicates not necessarily
an actual trade.

Actual results may vary.