with these narrow ranges that tends to happen with the expiring contract-------so I have gone back to fishing the high energy June & July contracts. Nice surprise drop at the open snagged my July south lines @ 74.25 with a 74.20 fill and before I could even calculate any needed adjustments to my 74.60 Damage Control, deposits were made @ 73.90 and 73.70. I didn't hardly know I had caught something and I had the deposits in the bank. Instinct ignored the Prime Directive and I sold another at 74.00 on the thought that 73.70 needed to be retested. That didn't take very long either.

The only reason I'm trading July is because of the crowds at the popular June contract. I have some hedgers with short June hedges @ 79.20 that we don't want to take profits on but don't want to give back any profits on the coming retest of 76-77 resistance retest and the $5 bounce. So we have been buying the 73.20-73.50 area on the guess that it might be the support area for the coming $5 rally. Hogs should be ready to start working higher and the June cattle have hit my Max upside level @ 114.65 for a Time & Price Squaring high today. They even got an extra 40 cents emotional push to 115.05 which can be expected but not counted on.

I usually go off of my Squaring Target which was 114.65 for todays perfection target. I've added over $3 of upside cushion to my short June cattle leg with daily long scalps the last 3 days of this Time & Price Squaring window for a potential cycle high. So far it is working to perfection but anxiety is still haunting me with all of the bullish Smoke & Mirrors psych games being played to suck in new bullish weak longs at the top. That thought could just be one of my Hallucinations but the typical Bull Trap scenarios also seems to be playing out as the cattle seasonal is ripe for the last minute picking.

I had to chuckle at the current bullish cattle market driver------U.S. working on a deal with Beef exports to China which has been talked about for a couple weeks. The last line of the comments also said it would probably take 100 days to iron out all the finalizing detail. I my instant thought was-----China is nobodies fool, they know what the seasonals say for the cattle market for June-August----which is 100 days out. The cattle market "Dog Days of Summer" which can have a Rug Pulling, Sink Hole Plunge for China to buy their Beef at the lows.