Live Cattle The February Live Cattle contract opened at 120.45 on Wednesday, December 20, and made a meek attempt at a rally, trading to the high of the day at 120.80. This is right at the key 120.775 level. It broke down hard from the high, trading down past the 119.15 support level to test long-term trendline support at 118.10, …
Livestock Levels
Live Cattle The February Live Cattle contract opened (121.85) above the Friday high (121.575) and stalled at resistance at the 21 DMA (121.95) on Monday, December 18. It was only able to touch the 21 DMA, as the high was at 121.95. It broke down hard from the high, trading down to 120.075, just above support at the 13 DMA …
Livestock report
Live Cattle The February Live Cattle contract traded inside the Tuesday range (120.45 – 117.675) on Wednesday, December 13. The Wednesday range was 120.00 high to 118.125 low. It ended the day at 118.40, below the key 119.15 level. A break down below the Wednesday low could take price down to trendline support at 117.225. Support then comes in at …
Livestock Report
Live Cattle The February Live Cattle contract tested the 123.125 resistance level early in the trading session on Tuesday morning, trading to the session high at 122.625. It broke down from here trading through support at 121.20 and 120.50 on its way to the session low at 119.575. This is just above the 119.15 support level. It formed an outside …
Livestock Report
Live Cattle The February Live Cattle contract traded down to a new low (120.825) for the move on Monday morning, before a sharp recovery led to the high of the day at 122.15. It grinded lower from here the rest of the day and ended the session at 121.175. This is just below the 121.20 support level. It formed a …
Livestock Report
Live Cattle The February Live Cattle contract once again held the 124.75 support level Tuesday morning as another attempt to break lower failed. The February contract held the Friday and Monday low (124.35) during the morning selloff, trading to the low of the day at 124.65. It rallied from here as it once again overtook the 125.50 resistance level and …
Livestock Report
Live Cattle The February Live Cattle contract held the 124.75 support level Monday morning as an early morning attempt to break lower failed. The February contract held the Friday low (124.35), during the first half hour of trading as it matched the low and then proceeded to take out the 125.50 resistance level making a high at 126.275. It ended …
PER-THANKSGIVING Chart Outlook
Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs? My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …
Livestock Report
Live Cattle The February Live Cattle contract held the 123.125 support level Tuesday morning making the low of the day at 122.75. A strong rally followed from the low with price trading past the 124.75 resistance level. It made the high at 124.875. It pulled back from there and ended the session in the middle of the range at 124.00. …
LC FC, Hogs, same pattern? Lumber, Corn Wheat supports.
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