Live Cattle The December Live Cattle contract found support on a test of the 8 DMA (114.775) making the low at 114.65 on Thursday, October 5. 2017. It grinded higher from the low and made the session high at the end of the trading session, reaching 116.325, just below the 116.55 resistance level. It ended up above the 200 DMA …
Two Stepin : December Live Cattle
December Live Cattle The Dec Live cattle market opened higher today at 115.200 and pressed up to 116.325 just shy of previously mentioned contention level of 116.500. Prices gets rejected rather harshly and fall back through the opening to finish modestly higher for the day at 114.925. It is my opinion that that we have just seen the …
Livestock Levels
Live Cattle The December Live Cattle contract rallied early in the trading session testing resistance at 116.55, making the high just below resistance at 116.325 on Tuesday, October 4. 2017. It broke down from the high and traded down to the day’s low by the end of the session at 114.875. It ended the day at 115.05. It ended up …
Livestock Report
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 …