Live Cattle The August Live Cattle contract opened (120.925) lower on Tuesday, May 24, 2017, and then traded down to the lows for the day at 118.65 (almost a limit down move), as expectations for a lower cash trade on the fedcattleexchange.com auction took hold and were then realized. Last week the auction saw sales between $133.75 and $135.75. This …
Soybean Update Wave Analysis 5-24
Soybeans Dominant timeframe structure remains bearish. Nearest downside support comes in at 925.0+-. Any follow thru targets 915-905. This area could produce a technical bounce. If so, a non-impulsive rally should play out and eventually give way to further weakness. Long term wave pattern suggest a downside objective to be fulfilled. Target zone extends to 825-750. A weekly close above 970 would suggest point to a modest advancement targeting +-1005.0. …
Windy City Jim’s – Daily Trade Recommendations (05/24/17)
Futures Day Trading Signals (Thursday May 25, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Wheat Previous Closing Price : 432 1/4 …
Livestock Report
Live Cattle The August Live Cattle contract rallied at the open but couldn’t stay above the descending 8 DMA (122.20) on Tuesday, May 23, 2017, trading to the high of the day at 122.65, before breaking down and trading to the low of the day at 120.75. It spent the rest of the day consolidating between 122.50 and 121.00, settling …
Long Term Technical View Soybean Meal / Oil
A complex correction is currently in progress. Structural setup would indicate further losses. Minor underneath support comes in at +/- 302.0. A recovery from this level is plausible. Subset wave pattern could produce gains which reach for 333.0 level. It should be clearly stated that an unraveling could be in the cards. First major target rest at +/- 270.0. If W-Y-Z breakdown would to extend …
Cattle, Hogs Action vs, NASD today pattern Bond sell #’s
I’m just posting charts with names of markets. I cover for clients, and then some just for the sake of solving trading secrets and maybe make you, and me some money. I hope you like the research. Dow Jones futures- Many of the components of the dow futures index have hit major upside targets hit a while back in Feb, …
Livestock Report
Live Cattle The August Live Cattle contract rallied on Monday, May 22, 2017, trading to the high of the day at 123.15, this just below resistance at the 21 DMA (123.575) and the 38.2% resistance level (123.99) of the downmove from the May 4th high (134.55) to the May 18th low (117.475). It fell back from here and ended the …
Currency comment 5/22
The U.S. dollar closed slightly lower on Monday while the Euro FX closed higher. U.S. equity indices were again higher. Gold continued its price recovery begun two weeks ago. Crude oil was also higher in a move that started about ten days ago. Over the last six weeks the U.S. dollar has declined by about 350 points; over the same …
Windy City Jim’s – Daily Trade Recommendations (05/22/17)
Futures Day Trading Signals (Tuesday May 23, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Wheat Previous Closing Price : 436 1/2 …
Gold 1262 live,
In my opinion GOLD- Short term sell level just hit late 1262.40. This is live now, reversed down. I like less than $2 stop risk. This mkt could turn lower here for a trade. 1265-65.50 above, then over 1268.30 new buying should emerge technically. Public always seems to buy rallies. CRUDE OIL- see chart last week but resist above 51.42, …