Live Cattle On Wednesday April 25, 2018, the June Live Cattle contract tested support at the 104.85 level, making the low at 104.625. It grinded higher from the low, trading up to 105.80 and then tested support again, trading down to 104.825 before trading back to the high at the end of the session. It settled at 105.575 and ended …
Corn Maze: July Corn Futures
July Corn Futures Corn mazes have become popular tourist attractions in North America however the structural maze of the corn market is more like a trader’s trap. Since the termination of the rather robust move to 402.6 (front month continuation) in mid March it has been trading in a series of what appear to be non-impulsive moves …
Livestock Review
Live Cattle On Tuesday April 24, 2018, the June Live Cattle contract gap opened (105.50) higher from the Monday high (105.475) closed the gap and traded up to the high of the day at 106.675. This is above the April 17th high (106.175) and is a new high for the up-move. It couldn’t hold onto the gain however and broke …
Livestock Report
Live Cattle On Monday April 23, 2018, the June Live Cattle contract gap opened (104.55) higher from the Friday high (104.00) and traded up to the high of the day at 105.475. It faded from here and closed some of the gap, trading to the session low at 104.30. It consolidated the remainder of the day and settled at 104.875. …
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next. MEATS- All different months have different looks, month settlement px.s etc. If your looking in a back month ask for levels. FEEDERS- we are now up almost 700 off the OLB, number that hurts most traders, the olive line. KC- your on your own now as …
Live Cattle
Live Cattle On Friday April 20, 2018, the June Live Cattle contract broke down early in the trading session. It traded all the way down to the 101.625 support level where it stopped going down. An impressive short covering rally followed with price rallying all the way up past resistance at 103.00 to the high of the day at 104.00. …
Euro-trash ? : June Euro Dollar Futures
June Euro Dollar Futures The tittle of this article is not meant to antagonize anyone but rather to describe the possible structural characteristic of the euro dollar futures market. Following a rather robust and boastful impulsive advance that reached the breakdown point of a the previous dominant B wave triangle release level the contract has appeared to me to …
Grain Spreads
As funds pushed both corn, beans, and KC wheat higher for better part of the first quarter and from the early April tariff lows, it seems to me that some profit taking has set in. Managed money came into the week prior long corn, beans, and meal. Nothing new here as they have been long the market for weeks. KC …
Grain Spreads
Soy Complex Old crop/New Crop bean and meal spreads are under assault and have led the way lower in soybeans today while Bean oil gets a dead cat bounce off of weakness in meal. I believe that beans look heavy here as the domestic carry at 550 million bushels weighs on price while South American basis has fallen some from …