Spread Feeder Cattle X5F6, Trade 2 (b)

This is the updated chart in Spread Feeder Cattle X5F6:

This was the idea 7 days ago:

Here is the post with multi-year spread chart: Spread Feeder Cattle X5F6, Trade 2

Spread Feeder Cattle X5F6, Trade 2

This Feeder Cattle spread is still moving in a very high level compared with other years:

It has arrived to the resistance level with very low volume. The futures spread is losing strength in the upward movement:

Lean Hogs Butterfly HE JKM6

If we take a look at last 10 years of butterfly HE JKM, we get this stacked chart:

Now, let´s take 2015 butterfly away, and the chart looks like this:

The Butterfly´s Seasonal chart (including 2015) has a nice bearish trend:

I have marked my sell area in the grey rectangle.

Charts: Scarr Visual Trading. 10% discount coupon: 912CA5B4AB 

Calendar Spread with Feeder Cattle futures: X5F6 (9)

Volume did not lie, again:

The feeders spread broke up the range, bounced towards the old resistance, and took off.

MRCI´s Trade Idea: Short Spread Gasoline UV5 (2)

This was the seasonal idea on Gasoline Spread UV5:

And this is the actual picture of the spread:

I wrote a post about entering this spread here: Cómo utilizar el análisis del volumen en los spreads de futuros

Last related post in this blog: MRCI´s Trade Idea: Short Spread Gasoline UV5

Calendar Spread with Feeder Cattle futures: X5F6 (8)

This feeders spread is moving within a range. It seems an accumulation phase before turning up. In that case, I will close my position.

Take a look at volume in the range. It is right inside the support area in the seasonal chart of the spread (Scarr Visual Trading):

Last related post:  Calendar Spread with Feeder Cattle futures: X5F6 (7)

Calendar Spread with Feeder Cattle futures: X5F6 (7)

The Head and Shoulders formation worked as expected in the Feeder Cattle spread (X5F6):

There was a lot of volume at closing. The feeders spread might bounce:

Last related post: Calendar Spread with Feeder Cattle futures: X5F6 (6)

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MRCI´s Trade Idea: Short Spread Gasoline UV5

This Gasoline spread suggested by MRCI is near its seasonal bearish trend:

This is my trading plan (H1 chart):

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Calendar Spread with Feeder Cattle futures: X5F6 (6)

Is the right shoulder ready for the S-H-S (head and shoulders) formation in Feeders Spread X5F6?

Last related post: Calendar Spread with Feeder Cattle futures: X5F6 (5)