For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 16th. REGISTER NOW. If you cannot attend live, a …
Beans, Wheat
I wanted to drop a few more market charts along your way. Some you may have no interest but my point is to display how I view price action a little differently than most, almost all other brokers. This olive line shows up everywhere and as I have cautioned some crude-oil option Pro traders that over that thick OLS in …
A Contrarian Thought: CBOE Volatility Index
Above is a weekly CBOE VIX (volatility) price chart. The vertical lines display time cycle studies. The index’s most recent low reading is on the extreme of the last three decades. Option premiums have been steadily depressed. Investor funds of Volatility sensitive ETF are at record levels of 2.3 billion. These instruments are designed to appreciate in a bearish …
Weekly Gold Report
Thoughts of an upside breakout in gold this week with silver in tow where dashed mid morning today. For the week the yellow metal posted slight gains of just $5.00 to finish the week at 1274.2. Silver posted a minimal gain of .04 cents to close at 16.87. While both markets finished the week higher Friday, upward momentum was slashed …
Riding the Rail: December Live Cattle
December Live Cattle The December Live Cattle market traded in an uninspiring tight range today. Prices dipped to 122.000 in early action posting a modestly new weekly low at the upper end of the targeted support level. During the rest of the session a narrowing price action developed as it rode the rising pitchfork line to finish at …
Livestock Report
Live Cattle The December Live Cattle contract broke down below the 124.70 support level on Wednesday, November 8, 2017. It traded down to the session low of 122.15, which is just below the 123.125 support level and the rising 13 DMA (122.85). It was able to bounce from here (late session rally) and it ended in between the 123.125 support …
Daily Gold Report
December Gold futures rallied on Wednesday posting a daily gain of $7.90. Silver again pushed through the 17.00 level again and made a new weekly high at 1726.5 before pulling back near the close to end the day session at 1713.5 basis December futures. Rumors out of Washington that spoke of top congressional leaders pushing back a possible delay in implementing …
Macro Trading Assessing Social mood
Macro Trading Assessing Social mood Budget deal can turn immediately. I think you need to be ready with margin money ready to deploy at my olive extremes that present value while I’m looking for at least 5x ‘return on money risked (per bet expected return). I measure against margin money posted also which I look at a little differently. This …
Livestock Report
Live Cattle The December Live Cattle contract broke down below the 124.70 support level and the rising 8 DMA (124.75) on Tuesday, November 7, 2017.It traded down to the session low of 123.50, which is just above the 123.125 support level. It was able to bounce from here (late session rally) and it ended above the 124.70 support level at …
Sideways Glance: December Live Cattle
December Live Cattle Today’s trading action in the December Live Cattle market saw slightly weaker prices.I believe we are in the midst of a complex 4th wave correction of a larger 5th wave extension. Elliott Wave rules of alternation state the if the first way is simple in structure than the preceding 4th wave is complex. Many of …