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 …
Crude sell #s on 20% rally
Good morning, Crude- this was put out early to Pro’s and option traders. Crude has bolted higher to some areas that if you want to sell, they are here. This can benefit if you have a feel or not because it also helps keep you out of the way because these olives of mine are so powerful that once a …
Sugar, Feeders liquidations, grain stocks Fri.
Technically and from a trading floor perspective this market feels like it is about to roll over after cattle on feed 157.05 sell level, tight stop. We are now failing at 153.55-ish. Do funds blow longs soon? Up pattern intact for funds but under last week’s low, look out seems appropriate
Livestock Report
Live Cattle The December Live Cattle contract had a strong rally from the open on Wednesday, September 27, 2017. It traded above the 100 DMA (114.85) and approached the 200 DMA (115.55) reaching a high at 115.325. It ended the session just above the 100 DMA at 114.925. Trading above the 200 DMA could lead to a test of the …
Soybeans-Driest finish ever?
grains- corn played macro lines of 3.48 and 353.75. Wheat KC did similar 447 456 as ranges are going to heat up into weeks end is my call. Wheat shorts feel stuck to me. Beans hit 9.58.25 at today’s low of day. Do we trade 989 before we break? Is this the driest finish in soybeans ever? CHICAGO had 7 …
Livestock Report
Live Cattle The December Live Cattle contract gap opened lower and traded down to the low (113.10) on Tuesday, September 26, 2017. It spent most of the session grinding higher and made the high at 114.325, nearly closing the gap created from yesterday’s low (114.425) to Tuesday’s open. A late day selloff took price down to 113.30 and it ended …
Cattle Crush: December Live Cattle
December Live Cattle Cattle crush refers to the strongly built cage used to hold cattle. This reflects the current state of the December live cattle market. Recently I’ve been holding steady on by bullish outlook on the market. However, it is imperative to readdress one’s opinion when the facts change. Not to do so in trading as …
Livestock Report
Live Cattle The December Live Cattle contract gap opened lower and traded down limit on Monday, September 25, 2017. The low was 114.425 and a continued sell off from here could lead to a test of support at 112.425. Support then comes in at 110.80. A bounce from the low could see a test of the 200 DMA at 115.525 …