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Livestock Levels
Live Cattle The February Live Cattle contract opened (121.85) above the Friday high (121.575) and stalled at resistance at the 21 DMA (121.95) on Monday, December 18. It was only able to touch the 21 DMA, as the high was at 121.95. It broke down hard from the high, trading down to 120.075, just above support at the 13 DMA …
Imminent Tax Cut Finally Spooks the Ultra Long Bond
After making multi week highs last Friday and severely testing those with a bearish long-term viewpoint the ultra long bond is down around 54 ticks today. The thirty years are down 32 ticks after holding under the 15420 resistance level a couple of different times in the last two weeks. Curve flatteners are taking a break and an extreme may …
Full Weather Report US and South America from WxRisk.com
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Kiss Goodbye? February Live Cattle
February Live Cattle After opening on Monday relatively unchanged the February live cattle market tweaked out a minor new low before chopping higher to finish at 121.025 up approximately 2.7 points for the week. To me the most noticeable observation is the week’s closing location. Currently we rest just below a double come back level on the …
Weekly Gold Report
It was a tale of two trades in gold and silver this week, pre and post Fed meeting.Gold touched a five-month low of $1,238.3 on Tuesday but recovered after the U.S. Federal Reserve on Wednesday raised interest rates for the third time this year. But markets in my view had priced in Wednesday’s rise and gold instead rose while the …
Weekly Detailed HRWW Forecast US/ China/ Ukraine/ Russia/ Australia from WxRisk.com
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Bonds Continue to Bounce
Bonds had a nice bounce higher today continuing an upswing that began after yesterday afternoons Fed rate hike. A slightly lower start provided an entry without having to reach much for any bulls out there. A higher stock market open especially for the Naz was a little intimidating but other indexes were reluctant to follow and a sharp break …
Livestock report
Live Cattle The February Live Cattle contract traded inside the Tuesday range (120.45 – 117.675) on Wednesday, December 13. The Wednesday range was 120.00 high to 118.125 low. It ended the day at 118.40, below the key 119.15 level. A break down below the Wednesday low could take price down to trendline support at 117.225. Support then comes in at …
Ouch Canada: Canadian Dollar Futures
March Canadian Dollar I spent some time breaking down the structural evidence of our neighbor to the north’s currency market. I always favor to process information in a top down analytical style. It’s quite a process seeing that one needs to start in the longer-term time frames and work forward into the smaller. It appears to me that …