December Live Cattle With a second close above the channel resistance line which convergences with the 50 day moving average at +/-112.800 is the cattle market now poised to make definitive (c) wave advance that we have been looking for since the lows established in mid-August. One must keep an eye on the front month October which to …
Todays Market movers
A few charts, some here I am pointing out the formations, not prices. The levels to watch are in the right hand column. If you need a story email or call me. SXSX below getting crushed after the chart print. GOLD- a mere $50 fast break off the pink macro conditional trendline. Look how the gold played around the …
OILSHARE- Lock/Load 3535 Macro turn?
Ok speculators and possibly oilseed users, I have talked about this momentum ridden long bean oil short soy-meal spread and yesterday it hit a few of my macro trendlines at which interesting stuff happens immediately on impact. How else do you quantify a bid? I like buying this spread but disclaimer is only at my levels to eliminate slippage. Here …
Daily Gold Report
December gold and silver probed lower throughout the session on Monday. December gold lost $14.40 or just over one percent to close at $1310.8. Silver’s drop was more aggressive as it lost over .54 cents (2.6 percent) to close at 1715.5. The spike to new yearly highs on September 8th was accompanied by multi-year lows in the Dollar. As the …
US Grain Weather Update from WxRisk.com
For the complete report, CLICK HERE. For those interested in grains, Walsh Trading hosts a FREE Weekly Grain Outlook webinar every Thursday at 3PM CST. This webinar is hosted by Sean Lusk, Director, Walsh Commercial Hedging Services. Sean will hold his next Grain Outlook webinar on Thursday, September 21st. REGISTER NOW. If you missed last week’s webinar you may VIEW A …
Ag
The soy complex closed moderately lower after trading six higher on the day. The reality in my opinion is that there is a very large supply of beans in the world, However, market participants really want to believe in a bull market. The yields domestically are fine. Not as good as last year but fine. The southern hemisphere has a large old …
Weekly Gold Report
Gold futures traded lower for the first week in the last four as once again an unrelenting rally in the equity market pushed weak longs into liquidation in both gold and silver. For the week, gold lost $25.90 to close at 1325.2 basis December futures. Silver lost just over .42 cents to close at 17.70. Fear gauges like the VIX …
US and South America Grain Weather Issues from WxRisk.com
For the complete report, CLICK HERE. For those interested in grains, Walsh Trading hosts a FREE Weekly Grain Outlook webinar every Thursday at 3PM CST. This webinar is hosted by Sean Lusk, Director, Walsh Commercial Hedging Services. Sean will hold his next Grain Outlook webinar on Thursday, September 21st. REGISTER NOW. If you missed yesterday’s webinar you may VIEW A RECORDING. …
Third Time a Charm? December Live Cattle
December Live Cattle The market posted a low today at 111.375 just a few ticks below Thursday extreme of 111.425 before rising to settle on the upper end of the day’s range at 112.825. This marks the third time prices have gone out right on the dominant downward resistance channel. The week ends pretty much unchanged and in …
Livestock Report
Live Cattle The October Live Cattle contract rallied at the open and tested the 108.675 resistance level on Thursday, September 14, 2017. It reached a high at 108.90 before failing and trading down to a low at 106.625 and then ending the day at 107.05. The breakdown approached support at the short-term moving averages (the 8 DMA (106.475), the 13 …