December Live Cattle In today’s price action we saw the market rise within reach of the previous 117.725 high that I have currently labeled as a wave 3 extreme. It is unclear to me where we are in the subset structure of the advance from the 112.900 low. I believe, as I have stated, that we are in …
Livestock Levels
Live Cattle The December Live Cattle contract made a new high for the current up move on Monday, October 9, 2017, trading up to 117.575, in quiet holiday trading. It couldn’t hold onto the high and broke down and tested the 116.55 support level, making the session low at 116.475. It formed a Doji candlestick as the market ended the …
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Monday Ag comment
Soybeans and corn- No good comment, 9.72 as we drift around into harvest. SX 9.84 and 9.89.25 if looking for sell levels. May beans hit TL resist at today’s highs. This is long term off the tops. Corn is perpetually at 3.49-ish. Rumblings on Brazil weather but I do not know if true. Bean oil- OLB 32.32 hit and …
Weekly Gold Report
Gold and Silver finished the week mixed as December gold settled 1274.9 down $9.90, while December silver settled at 16.79 up 11.5 cents for the week. Gold slid to two-month lows on Friday before bouncing back to post modest gains for the day. An upbeat reading of the U.S. unemployment rate and wage growth last month supported expectations for a further …
Fourth and Goal: December Live cattle
December Live Cattle Currently I contend that the lows seen on September 22nd marked a fourth wave extreme of an five wave rally which commence at roughly 106.500. If this were the case then a we are witnessing a final fifth wave advance of the sequence which should attack and more than likely extend through the highs of …
Livestock Levels
Live Cattle The December Live Cattle contract found support on a test of the 8 DMA (114.775) making the low at 114.65 on Thursday, October 5. 2017. It grinded higher from the low and made the session high at the end of the trading session, reaching 116.325, just below the 116.55 resistance level. It ended up above the 200 DMA …
Two Stepin : December Live Cattle
December Live Cattle The Dec Live cattle market opened higher today at 115.200 and pressed up to 116.325 just shy of previously mentioned contention level of 116.500. Prices gets rejected rather harshly and fall back through the opening to finish modestly higher for the day at 114.925. It is my opinion that that we have just seen the …
Livestock Levels
Live Cattle The December Live Cattle contract rallied early in the trading session testing resistance at 116.55, making the high just below resistance at 116.325 on Tuesday, October 4. 2017. It broke down from the high and traded down to the day’s low by the end of the session at 114.875. It ended the day at 115.05. It ended up …
Livestock Report
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, …