Live Cattle The December Live Cattle contract opened lower and tested the 13 DMA (113.05) support level on Tuesday, October 3.2017, reaching the session low at 112.90. The 13 DMA contained the selling pressure and price recovered sharply, trading up to the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, …
Livestock Report
Live Cattle The December Live Cattle contract tested the 200 DMA (115.575) this morning, reaching the session high at 115.725 before failing and breaking down on Monday, October 2, 2017. It broke down below the 100 DMA (114.50) and traded to the lows at 113.35. It ended the session at 113.375. A continued break down could lead to a test …
Livestock Report
Live Cattle The December Live Cattle contract consolidated the Wednesday gains on Thursday, September 28, 2017. It traded slightly above the Wednesday high (115.325), reaching 115.375 just below the 200 DMA (115.525), but above the 100 DMA (114.725). It ended the session at 115.275. Trading above the 200 DMA could lead to a test of the September 22 high at …
Livestock Report
Live Cattle The December Live Cattle contract had a strong rally from the open on Wednesday, September 27, 2017. It traded above the 100 DMA (114.85) and approached the 200 DMA (115.55) reaching a high at 115.325. It ended the session just above the 100 DMA at 114.925. Trading above the 200 DMA could lead to a test of the …
Livestock Report
Live Cattle The December Live Cattle contract gap opened lower and traded down to the low (113.10) on Tuesday, September 26, 2017. It spent most of the session grinding higher and made the high at 114.325, nearly closing the gap created from yesterday’s low (114.425) to Tuesday’s open. A late day selloff took price down to 113.30 and it ended …
Livestock Report
Live Cattle The December Live Cattle contract gap opened lower and traded down limit on Monday, September 25, 2017. The low was 114.425 and a continued sell off from here could lead to a test of support at 112.425. Support then comes in at 110.80. A bounce from the low could see a test of the 200 DMA at 115.525 …
Livestock Report
Live Cattle The December Live Cattle contract took over as the lead contract on Thursday, September 21, 2017, as the volume was higher than the October contract. The session range was 116.90 high to 115.575 low, ending at 116.25, forming a Doji candle. It is above the 100 DMA (115.425) and the 200 DMA (115.475). The Doji candle indicates indecision …
Livestock Report
Live Cattle The October Live Cattle contract continues to consolidate near the 108.675 resistance level. It formed a spinning top candlestick is trading above the 8 DMA (107.475). It was a quiet day on Tuesday, September 19, 2017. The inability to punch through resistance and breakdown below support over the past few sessions has created a potential time bomb. A …
Livestock Report
Live Cattle The October Live Cattle contract rallied at the open and tested the 108.675 resistance level on Thursday, September 14, 2017. It reached a high at 108.90 before failing and trading down to a low at 106.625 and then ending the day at 107.05. The breakdown approached support at the short-term moving averages (the 8 DMA (106.475), the 13 …
Livestock Levels
Live Cattle The October Live Cattle contract broke down at the open and tested support (106.20) on Wednesday, September 13, 2017. It traded down to a low at 105.40, consolidated just above it and started to rally at the time of the fedcattleexchange.com auction. Price strengthened throughout the day, reaching the high (107.75) at the end of the session. A …