More Cow Bell? October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle      It appears that the cattle market has established an impulsive structured advance (5 wave) stemming from the lows seen last week. What this means in wave theory is that it is an early indication of a lead subset wave (i) which should give way to further advancements. The pullback in today’s session from the early …

Tuesday Afternoon Weather Report for Tuesday 29 August 2017

walshtrading Weather Leave a Comment

MODELS RAINS SHIFT NORTH IN 1-5 DAY … 6-10 DAY VERY UNCERTAIN   1-5 DAY = The afternoon radar shows the remains of Harvey still bringing moderate to heavy rains to Houston metro area and all of southeastern Texas with additional bands of rain over eastern and southeastern Louisiana and southern Mississippi.  But this system is breaking down steadily. The …

Weekly Gold Report

Sean Lusk General Commentary Leave a Comment

Gold and Silver finished the week mixed with December gold gaining $6.30 for the week to close at 1297.9. Front month September silver gave back just 4 cents to close at 1704.5. Weekly highs and lows were both scored during Friday’s session as traders awaited Janet Yellen’s speech Friday morning. Without getting into specifics the speech was seen as dovish …

Ag Commentary

John Walsh Grains Leave a Comment

A fairly quiet day as the markets await the weekend to see weather next week. Also, the pro farmer tour will end with a idea for field related yields. The general thought related to the soy is that pod counts are down from a year ago. How that relates to a final yield remains to be seen. It must be …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract made a new low for the down move on Thursday, August 24, 2017, trading down to 104.625, just below the August 18th low of 104.75. It wouldn’t remain down there for after a 3 hour consolidation period, the October contract staged a late session surge to test the 13 DMA (107.30) once again. …

Decision Time: October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle      Tomorrow’s trading session should point us in the right director concerning the next move in the cattle market. We are currently trading right at a major support level and in today’s action we posted a diverging low on the support channel line. Structural evidence still suggest that we are close to the termination point of …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract reversed course on Wednesday, August 23, 2017, as the declining 13 DMA (107.625) provided resistance for the second day in a row. The session high (107.90) poked above the moving average and then Live Cattle broke down and traded down to test support at 106.00. It made its low at 105.775 and ended …

Daily Gold Report

Sean Lusk General Commentary Leave a Comment

Gold futures held steady today as equities weakened and the Dollar gave back all of the previous days gains. December gold gained $3.70 to close the session at 1294.7, while September silver gained 6.5 cents to close at 1704.5. There seems to be a small pause in the market ahead of the annual central bankers meeting held in Jackson Hole, Wyoming, …

Hey…Whoa Cowboy: October Live Cattle

John Lunney General Commentary Leave a Comment

October Live Cattle       Yesterday I posted a recommendation to purchase upside calls in the cattle market. However, the October contract turned south and closed below the speed-line support level which puts the whole setup on hold. The divergence reading are still in place on multiple time frame charts and if we stumble to another new low they …

Ag Commentary

John Walsh Grains Leave a Comment

The oilshare made nice gains today. There is talk that Argentinian bio is going to be slapped with dumping. This could ad significant demand to soyoil. Also, this would add more meal to the supply side at a time when the world already has a more than ample supply of meal. The bean market is still dependant on the weather for …