Live Cattle: Head And Shoulders Top

 | Apr 21, 2015 12:28PM ET

The Live Cattle June – October 2015 spread looks like it put in a Head and shoulders top formation on the daily chart. It closed below the neckline today at-.500 and sets up a move to -2.400 in my opinion. I think you should get short the spread, selling the June and buying the October contracts. Use risk appropriate for your account size, or a rally above .425, today’s high.