Live Cattle The February Live Cattle stampeded its way higher on Wednesday, January 17, 2018. It went limit up (121.10) and remained there for most of the session, with furious trading at settlement time taking it below limit and to the limit. I don’t have settlement but it ended the day up limit as after the settlement period it went …
Livestock Report
Live Cattle The February Live Cattle tested support at the 100 (117.35) and the 200 (117.20) DMAs, making the low for the day at 117.375 on Tuesday, January 16, 2018. Price once again respected these support levels and by the end of the session was testing the session high (118.40), reaching 118.30 and ending the day at 118.15. It challenged …
Livestock Report
Live Cattle The February Live Cattle tested support at the 200 (117.10) and the 100 (116.925) DMAs, making a new low for the down move at 116.70 on Tuesday, January 9, 2018. Price once again respected these support levels and by the end of the session was testing the session high (118.00), reaching 117.975 and ending the day at 117.95. …
Livestock Report
Live Cattle The February Live Cattle gap opened lower (119.00) on Monday, January 8, 2018. This is below the 119.15 support level and price continued lower, trading down to support at the 200 (117.075) and 100 (116.825) DMAs, making the session low at 116.775. It recovered somewhat from the moving averages and ended the day at 117.55. A recovery from …
Livestock Levels
Live Cattle The February Live Cattle made a weak attempt to rally above the 123.125 resistance level on Thursday, January 4, 2018 trading to a nominal new high for the up move at 123.625. Once again it couldn’t stay above the 123.125 key level. After making several attempts to launch to the next resistance level, buyers gave up and price …
Livestock Levels
Live Cattle The February Live Cattle contract spent Wednesday, January 3, 2018 trading within the Tuesday range. Price opened (123.325) above but couldn’t stay above the 123.125 key level. It made the session high at 123.35 (just below the Tuesday high at 123.50) and made its way lower, trading to the low of the day at 122.35 (just above the …
Livestock Levels
Live Cattle The February Live Cattle contract started the New Year on a high note, opening (122.25) above the Friday settlement (121.55) and never looking back. The Tuesday, January 2, 2018 trade took its cue from aggressive buying late Friday in the cash market. Live sales took place at 123.00 and dressed sales came in at 195.00. This was 3.00 …
Metals- continue blast up, off olive buys, now diamond pattern up.
US dollar- showing its true colors folks. The FED wants inflation? It’s a coming in my opinion and the dollars that will be sloshing around may get untenable but that exciting part is in future. 92.61 is a TL and everyone is bullish. Call me 100 lower when panic and chaos algos start to develop. See prev $ chart. LUMBER …
Livestock Levels
Live Cattle The February Live Cattle contract opened (118.575) just below the rising trendline support (118.725) on Tuesday, December 26. The trendline held for the fourth day in a row and price rallied strongly above it, trading up limit by the end of the session. It made the high at 121.575, trading past the 119.15, 120.775 and the 121.325 resistance …
Beans dive again, but. Wheat up 4% OLB
Clients, Farmers, Ranchers, x-Floor Traders, Option players welcome Everything is live, cocoa, cotton although over, beans in day 12, wheat explosive up in my mind, WHCH ration spread OLB now higher (buy WH). Meats less so but USDA COT Friday 11am. Grains live. Lumber olive alert, Beans 3 diamonds conditions live Fri, list goes on as we go into …