Live Cattle The December Live Cattle contract gap opened lower and traded down to the low (113.10) on Tuesday, September 26, 2017. It spent most of the session grinding higher and made the high at 114.325, nearly closing the gap created from yesterday’s low (114.425) to Tuesday’s open. A late day selloff took price down to 113.30 and it ended …
Cattle Crush: December Live Cattle
December Live Cattle Cattle crush refers to the strongly built cage used to hold cattle. This reflects the current state of the December live cattle market. Recently I’ve been holding steady on by bullish outlook on the market. However, it is imperative to readdress one’s opinion when the facts change. Not to do so in trading as …
Livestock Report
Live Cattle The December Live Cattle contract gap opened lower and traded down limit on Monday, September 25, 2017. The low was 114.425 and a continued sell off from here could lead to a test of support at 112.425. Support then comes in at 110.80. A bounce from the low could see a test of the 200 DMA at 115.525 …
Grains, Cotton, Rice
A few markets either in play. Rice had some sloppy sell OL’s and busted bad to downside the last two day over 100 on a 13 figure, very respectable. Cotton has a live signal on now, up 100 today. Gold also had a tiny buy at the low that held again this week before a $23 rally on N Korea. …
Score One for the Matador: December Live Cattle
December Live Cattle The December Live Cattle market’s reaction to the bearish tone of Friday’s post market report sent prices sharply lower in today’s session. December cattle finished limit down at 114.425 and are close to a violation of the intermediate wave (i) high resting just underneath at 113.600 which coincides with major cross zone support. …
Cattle on Feed- Bearish, OL strikes again
Ranchers and Cattle Traders, Last week I put out a possible market turning call to sell Oct Feeder Cattle at 157.05 right into the Cattle on Feed report which happens from time to time on event trades which this kind of feel into. Is it really safer to trade on reports? I talk about behavioral science when these conditions present …
Weekly Gold Report
Both gold and silver took it on the chin this week as long liquidation mostly by speculative longs was the theme for the week. The majority of the losses were seen after the FOMC rate decision Wednesday afternoon. On Wednesday, the Federal Open Market Committee kept the benchmark short term interest rate at unchanged while announcing that it still plans to raise …
El Toréador ? December Live Cattle
December Live Cattle Prices extended to the upside in end of the week action finishing the week in belt -hold fashion, as described in candle stick theory, by opening on the lows and closing on the highs. The weekly range reached above the ATR readings of 4.5 to 5.2 as discussed in Thursday’s post. Today’s high also closed …
Livestock Report
Live Cattle The December Live Cattle contract took over as the lead contract on Thursday, September 21, 2017, as the volume was higher than the October contract. The session range was 116.90 high to 115.575 low, ending at 116.25, forming a Doji candle. It is above the 100 DMA (115.425) and the 200 DMA (115.475). The Doji candle indicates indecision …
Gap Fill: December Live Cattle
December Live Cattle The cattle market peaked higher today topping out at 116.900 before easing slightly to settle at 116.200. A few things of note are the fact that we have closed a weekly gap from the selloff in the third week of July at 116.700 and have fulfilled the weekly ATR (average true range) estimate …