Live Cattle The December Live Cattle contract opened lower and tested the 13 DMA (113.05) support level on Tuesday, October 3.2017, reaching the session low at 112.90. The 13 DMA contained the selling pressure and price recovered sharply, trading up to the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, …
Touche? : December Live Cattle
December Live Cattle We discussed a couple of scenarios in yesterday’s posting regarding the potential price path for the December Live Cattle. In assessing that the line of contention at 112.750 would come under attack in early trading the question remaining was would it hold and successfully turn back the bearish thrust. What we witness in today’s action …
US/South American Grain Weather Update from WxRisk.com
For the complete US/South American Grain Weather Update, 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, October 5th. REGISTER NOW. If you missed last week’s webinar …
Livestock Report
Live Cattle The December Live Cattle contract tested the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, October 2, 2017. It broke down below the 100 DMA (114.50) and traded to the lows at 113.35. It ended the session at 113.375. A continued break down could lead to a test …
Cattle, NASD, TNotes
Today-Nasd- 5998 OLS- this is the market to pay attention to if you want to sell something short.. 5998-6002 has 4 levels of potent mix. A pretty powerful trigger. We took out early and finished the buying by 10am cst. FANG the FANGS as these have convinced the masses, millennial’s especially add in the index funds and this is setup …
Grabbing The Bull By The Horns: December Live Cattle
December Live Cattle In Friday’s writings the development of a daily Doji formation was covered addressing the potential bearish nature of the candle structure. We witnessed in today’s price action the market reacting in such a fashion. After opening unchanged for the session prices came under pressure as they established value below Friday’s candle body. The decline attempted …
Daily Gold Report
Gold and Silver retreated again on Monday trading down to multi month lows before recovering near the close. December gold lost $9.00 to close at 1275.8, while silver firmed at the close to finish Monday’s session at 16.67 down only 2.5 cents. Higher bond yields sent the Dollar soaring while equity futures continue their unrelenting rally. Simply put a higher …
Ag Commentary
The markets were down across the board without much opportunity for a rally. The weather has been conducive to harvest and looks to have a open window going forward. The average yield remains within the range of expectation as far as the USDA estimates go. The market will watch harvest closely this week for any changes. In addition the upcoming …