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, …
Touche? : December Live Cattle
December Live Cattle We discussed a couple of scenarios in yesterday’s posting regarding the potential price path for the December Live Cattle. In assessing that the line of contention at 112.750 would come under attack in early trading the question remaining was would it hold and successfully turn back the bearish thrust. What we witness in today’s action …
Livestock Report
Live Cattle The December Live Cattle contract tested the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, October 2, 2017. It broke down below the 100 DMA (114.50) and traded to the lows at 113.35. It ended the session at 113.375. A continued break down could lead to a test …
Cattle, NASD, TNotes
Today-Nasd- 5998 OLS- this is the market to pay attention to if you want to sell something short.. 5998-6002 has 4 levels of potent mix. A pretty powerful trigger. We took out early and finished the buying by 10am cst. FANG the FANGS as these have convinced the masses, millennial’s especially add in the index funds and this is setup …
Grabbing The Bull By The Horns: December Live Cattle
December Live Cattle In Friday’s writings the development of a daily Doji formation was covered addressing the potential bearish nature of the candle structure. We witnessed in today’s price action the market reacting in such a fashion. After opening unchanged for the session prices came under pressure as they established value below Friday’s candle body. The decline attempted …
Weekly Gold Report
December gold futures finished the week losing $12.70 cents to close at 1284.8. Silvers losses were more pronounced as the December contract lost 30 cents for the week to close at 1667.5. Both precious metals have been reeling since making yearly highs on September 8th. Gold has given back over $80.00 in value while silver has lost a whopping $1.61. …
Re-Ride: December Live Cattle
December Live Cattle Re-ride is a rodeo term referring to when a cowboy gets another ride because the bull refused to buck. This describes today’s market action as we saw prices fail to move with conviction in any direction as they opened and closed at the same price to finish basically unchanged for the day. One point …
Livestock Report
Live Cattle The December Live Cattle contract consolidated the Wednesday gains on Thursday, September 28, 2017. It traded slightly above the Wednesday high (115.325), reaching 115.375 just below the 200 DMA (115.525), but above the 100 DMA (114.725). It ended the session at 115.275. Trading above the 200 DMA could lead to a test of the September 22 high at …
Locking Horns: December Live Cattle
December Live Cattle The December cattle contract its claw back from the rug pull we witnessed following last Friday’s report. The question is whether this rebound is impulsive in nature or not. If the latter is true then the selloff from the recent high would be labeled a (iv) wave correction as it did not overlap into wave …
Stocks- QTR END
In looking for special situations this is the only one I have come across. I think I will refrain comment but this is just to give a perspective of the breath of this rally. Some of these have gone up 40%. This is just a chart for educational purposes. If you trade stock index futures or need some insight feel …