Live Cattle The April Live Cattle contract opened higher (124.25) on Tuesday, February 27, 2018. It attempted an early rally, trading past resistance (124.70, 125.50), reaching the session high at 125.675. It broke down from here and traded to the low of the day (124.15). It ended the session at 124.20, creating a Gravestone Doji candlestick. After testing resistance levels …
Live Cattle
Live Cattle The April Live Cattle contract opened lower (124.00) on Monday, February 26, 2018. It attempted an early rally, trading up to resistance (124.70), reaching the session high at 124.75. It broke down from here and traded to the low of the day and for the down move at 123.55. It ended the session at 124.00, creating a Doji …
Good Volatile Friday Folks,
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Live Cattle
Live Cattle The April Live Cattle contract made a new high (127.95) for the up move on Tuesday, February 20, 2018. That is the only positive aspect to the day’s trade. It broke down from the new high and tested support at 127.15, making the session low just above it at 127.20. It grinded higher and touched the high then …
Livestock Report
Live Cattle The April Live Cattle contract gap opened lower (124.55) on Tuesday, February 6, 2018 and recovered, rallying to test resistance at 125.50, making the session high at 125.625. It wasn’t able to hold the high and it broke down and traded down to make the low for the day at 124.30. The rest of the session was choppy …
Ag take advantage of opportunity
Rebound today across the board in row crop. Weather is sited as the reason. Perhaps the rains this weekend will be insufficient. It is possible. The Argentinian soy crop would need to decline to such a extent to hurt the global carry. It truly makes little sense. many private analysts are pointing to a crop of 114-115 mmt in Brazil. The USDA …
Livestock Report
Live Cattle The April Live Cattle contract gap opened lower (124.60) on Tuesday, January 30, 2018 and traded down to the low of the day at 122.725, this is just below trendline support at 122.775. It found support here and rallied to a new high (124.90) for the day and closed the gap created at the open and the Monday …
Livestock Levels
Live Cattle The April Live Cattle contract gap opened higher on Monday, January 29,2018 and traded to the high of the day at 126.125, this is just below the Thursday high at 126.30. The Failure to make a new high led to a selloff which took price down to the session low at 124.80. It ended the day at 124.90. …
Livestock Report
Live Cattle The April Live Cattle retraced most of Thursday’s losses on Friday January 28, 2018. It traded past resistance at 124.70 but ended the session just slightly below at 124.60. This will be the key to trade on Monday, in my opinion. Trading above here could lead to a test of resistance at 125.50. Continuing from here could see …
Livestock Report
Live Cattle The April Live Cattle is now the lead contract as the volume is higher than the February contract. The April contract grinded higher on Thursday, January 18, 2018. It made a new high for the up move, reaching 123.60. It ended the session at 123.55, just above resistance at 123.125. The session high is just below the January …