I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Live Cattle and Feeder Cattle both closed higher on Thursday, posting higher highs and higher lows relative to Wednesday. 5-day moving average resistance is just above both those markets, and if the break higher today, that may put the bulls back in control. Lean Hogs posted new contract highs and closed very strong. Grain markets are waiting for today’s WASDE report, dues at 11 AM. Corn and Soybeans have been sideways recently, trading in a range. Perhaps the USDA report can help set a direction for trade. Wheat posted a bullish reversal yesterday in Chicago. Bean Oil is trying to turn higher with bullish activity over the past 2 days and the overnight trade from today.
My charts indicate new trade signals in Cotton, Copper and Natural Gas futures this morning.