Live Cattle The December Live Cattle contract held the 119.15 support level on Wednesday morning with the low of the day occurring in the first 5 minutes of trade at 119.025. A choppy morning had price trade between a high at 120.00 to a low at 119.075. Price was able to rally the last two hours of the session and …
Livestock Levels
Live Cattle The December Live Cattle contract made an attempt to rally above the 120.50 resistance level at the beginning of the trading session on Tuesday, November 14, 2017. It traded up to the high of the day at 120.925 before reversing and grinding down to the low at 118.775. Buyers came back during the last 20 minutes of trading …
Livestock Report
Live Cattle The December Live Cattle contract broke down below the 124.70 support level on Wednesday, November 8, 2017. It traded down to the session low of 122.15, which is just below the 123.125 support level and the rising 13 DMA (122.85). It was able to bounce from here (late session rally) and it ended in between the 123.125 support …
Livestock Report
Live Cattle The December Live Cattle contract broke down below the 124.70 support level and the rising 8 DMA (124.75) on Tuesday, November 7, 2017.It traded down to the session low of 123.50, which is just above the 123.125 support level. It was able to bounce from here (late session rally) and it ended above the 124.70 support level at …
Livestock Report
Live Cattle The December Live Cattle contract made a weak attempt at a rally at the open on Monday, November 6, 2017.It failed at the session high (127.675), in the middle of the resistance zone from 127.15 to 128.30 and below the Thursday high (127.875). It broke down below support at 125.55 and made its way towards the 124.70 support …
Todays action, Pre USDA thurs.
Good Afternoon, As we near this week’s USDA here is a look early in the week. Back month beans look much more constructive than the Nov contract as we await the end of harvest. I like wheat last week and now we are putting in the head and shoulder bottom, see 447 7/8th’s trendline. Wheat also enclosed looks …
Major Mkts- Conditions, Olive set, let’s go.
Dec Cattle- this am we had an OLS play right up at limit. If you were a pit trader and came in flat this would have been a sell at limit early and put in a buy stop back at limit up. This is a spec algo trade and we could break hard today like yesterday. Someone blew out big …
Livestock Report
Live Cattle The December Live Cattle contract rallied on Wednesday, November 1, 2017. It rallied past resistance at 125.55, trading up just shy of the 127.15 resistance level, making the high at 126.875. It ended the session at 126.675. There is pretty good resistance from 127.15 to 128.30. Price could stall in this area and come back and test support …
Olive line day, host of markets NatGas !
Today we had some wild swings across the board as you will see in the charts. Study the charts because there is a rhythm to this. Get over a line, especially an olive, algos buy as a scratch and pushed crude up today but this happens everywhere. Stocks are out of control but S&P and Dow are at a …
Livestock Report
Live Cattle The December Live Cattle contract powered its way higher on Tuesday, October 24, 2017. It opened at 116.825, pulled back slightly to 116.575, just above the key pivot (116.55) level and then bulldozed its way through the October 13 high (117.575) on its way to the session high at 119.70. It ended the day above the 119.15 resistance …