December Live Cattle The Texas Longhorn is a breed of cattle known for its characteristic horns, which can extend to over 1.8 m tip to tip for bulls. In my opinion this elongated characteristic aptly describes the nature of this last leg of the advance in the December Live Cattle market. I have labeled the low of 112.900 earlier this …
Olive line day, host of markets NatGas !
Today we had some wild swings across the board as you will see in the charts. Study the charts because there is a rhythm to this. Get over a line, especially an olive, algos buy as a scratch and pushed crude up today but this happens everywhere. Stocks are out of control but S&P and Dow are at a …
Bag of Nails: December Live Cattle
December Live Cattle “Bag of Nails” is a cowboy term used to describe a state of confusion or topsy-turvy. This adequately describes the structural nature of the cattle market. Concerning the advance from 112.900 I currently hold several opinions as to its unfolding wave sequence all of which point to higher prices. My favorable conclusion contends we are …
Fed Watch
Air of concern The equity indices while moving higher, seem a bit cautious this week . Tax reform and healthcare legislation are still out there hanging over everyone’s head, but the markets have seemed to move higher all year in spite of those concerns. We are in crunch time (or so have been told) for picking the next Chair for …
Coffee, Meats- shorts blow?
Cattle- 120.65 is very big level to me. This is where I find players out of step (short covering). FEB APRIL are different and violating but Feb has short term targets here at time of print. FEB today- 125.87 and 126.35 are targets and live now. HOGS- We are not staying here 65.16, and the now old 64.40 are levels …
Livestock Report
Live Cattle The December Live Cattle contract powered its way higher on Tuesday, October 24, 2017. It opened at 116.825, pulled back slightly to 116.575, just above the key pivot (116.55) level and then bulldozed its way through the October 13 high (117.575) on its way to the session high at 119.70. It ended the day above the 119.15 resistance …
Daily Gold Report
Gold and silver futures slipped slightly on Tuesday as equity markets continue their upward ascent while the Dollar has remained firm to start the week. A quieter world geopolitical scene is making for little trader/investor risk aversion in the marketplace at present, and that’s bearish for the safe-haven gold and silver markets. Traders seem to be looking ahead to Thursday, when the …
Stampeded? : December Live Cattle
December Live Cattle I have to admit I was caught flat footed by the December Live Cattle market today. Having been in step with this market from the lows of 106.725 this was perhaps the first instance where I have failed to accurately assess the markets next price move. Before today I have been calling for a corrective …
Coffee Sugar High, SXWZ ! DOW EXPLODES 200 UP AGAIN
A few charts from where markets launch sometimes at levels or lines. Olive colored are the babies to pay attention to. It is where traders get stuck the wrong way. I have limited time to comment on all situations but if you want to get my attention in these erratically fast turns and patterns that follow, Let me explain what …
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, October 26th. REGISTER NOW. If you cannot attend live, a …