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 …
Technical Analysis, Does it work? All mkt update
Crude- steady on the year might be simple enough if you have not been short and think the US is energy dependent, or more than before. The event that just crushed shorts could seem like a good short since I can make a case that nothing has changed. Notice the relentless pattern denoted by the red diamond. If looking to …
South America and Australia Grain Weather Update from WxRisk.com
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 9th. REGISTER NOW. If you cannot attend live, a …
Livestock Report
Live Cattle The December Live Cattle contract made a weak attempt at a rally at the open on Monday, November 6, 2017.It failed at the session high (127.675), in the middle of the resistance zone from 127.15 to 128.30 and below the Thursday high (127.875). It broke down below support at 125.55 and made its way towards the 124.70 support …
Lone Star State: December Live Cattle
December Live Cattle The December Live Cattle market drifted lower in early week action to finish off 1.975 at 125.325. The three candle daily structure displays an evening star pattern with bearish implications. I currently believe that the run from the inner lows of 112.900 represents an extended 5th. This sequence should unfold in five wave. The evidence …
Todays action, Pre USDA thurs.
Good Afternoon, As we near this week’s USDA here is a look early in the week. Back month beans look much more constructive than the Nov contract as we await the end of harvest. I like wheat last week and now we are putting in the head and shoulder bottom, see 447 7/8th’s trendline. Wheat also enclosed looks …
US Winter Weather Preview from WxRisk.com
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 9th. REGISTER NOW. If you cannot attend live, a …
US and South America Grain Weather Issues as of November 3rd from WxRisk.com
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 9th. REGISTER NOW. If you cannot attend live, a …