Category Archive

Live Cattle On Monday June 4, 2018 the August Live Cattle contract opened at 103.575 and traded in a range (102.775 low to 104.225 high) for most of the day. A break down at the end of the day saw price take out the 102.775 low and trade to the low of the day at 102.35and then settle nearby at …

Live Cattle Friday June 1, 2018 saw the August Live Cattle contract consolidate within the Thursday range ((105.20 – 101.90). The Friday range was 104.425 – 103.30.  A break down below the 103.30 low on Monday could see price revisit the Thursday low. Support then comes in at 101.625 and then 100.125. Trading above 104.425 will face resistance at 104.85, …

Live Cattle Thursday May 31, 2018 was give back day in the August Live Cattle contract. After going limit up on Wednesday, the August contract couldn’t hold onto its gains, making the session high at 105.20 then breaking down and almost going limit down, making the low at 101.90. It consolidated between 103.125 and 102.15 for most of the session, …

Live Cattle On Wednesday May 30, 2018, the August Live Cattle contract staged a dramatic rally, going up limit with its high at 104.45. The limit move took price into the 104.20 – 104.85 resistance band. Follow through to the upside could lead to a test of resistance at 106.025. Resistance then comes in at 107.35.  An inability to continue …

Live Cattle On Tuesday May 29, 2018, the August Live Cattle contract opened at102.475, made the session high at 102.675 and then reversed course, trading lower for the remainder of the day, making the low at 100.80.  It recovered somewhat and settled at 101.45. This is just below the key level at 101.625. This will be the key to Wednesday’s …

Live Cattle On Wednesday May 23, 2018, the August Live Cattle contract opened at100.30 dipped to the low (100.25), and then reversed course, taking out the Tuesday high (101.10) and resistance at 101.625 on its way to the high at 102.90. It settled at 102.80. This is just shy of resistance at 103.00. This will be the key to Thursday’s …

Live Cattle On Tuesday May 22, 2018, the August Live Cattle contract opened (101.00) near the high (101.10), and then traded to the low of the day at 100.05. It spent the rest of the trying to get back to the high. It couldn’t quite make it, getting to 100.925 at the end of the session. It settled at 100.65. …

Live Cattle On Monday May 21, 2018, the August Live Cattle contract opened (99.25) near the low (99.15), and traded higher for the remainder of the day reaching 101.225. This was a limit move to the up side, but it couldn’t stay up limit and it pulled back and settled at 100.625. It couldn’t move past resistance at 101.625 and …

Live Cattle On Wednesday May 16th, 2018, the June Live Cattle contract opened (102.50) lower, traded to the early low at 102.15 and then rallied to the session high at 103.75. It failed and broke down, trading to the low of the day at 101.65. It settled at 101.825. This is just above support at 101.625. A break down below …

Live Cattle On Tuesday May 15th, 2018, the June Live Cattle contract gap opened (104.525) lower, up ticked to the high (104.575) and collapsed, trading through support (104.20, 103.00) and made the low at 102.225. It bounced off the low and traded in a range (103.825 – 102.825) the remainder of the day.  It settled at 102.975. It settled at …