Live Cattle The October Live Cattle contract broke down and tested support on Tuesday, September 12, 2017. It fell below the Monday low and traded down to a low at 106.00, just below support (106.20). A trade below here on Wednesday could see the 104.875 support level tested. Support then comes in at 103.00. A breakout above the 107.95 high …
Livestock Levels
Live Cattle The October Live Cattle contract stalled on Monday, September 11, 2017. It traded within Friday’s range forming an inside candle. A breakout above the 107.95 high could see price test the 108.675 resistance level. Continued strength could see movement towards the 110.80 resistance level. A failure from the 106.825 low could see price test support at 106.20 and …
Livestock Report
Live Cattle The October Live Cattle contract rallied from the open on Thursday, September 7, 2017. It pushed past resistance at the short-term moving averages (the 8 DMA (105.85), 13 DMA (106.15) and the 21 DMA (106.575)) and rallied to trendline resistance at 107.45 reaching a high of 107.675. It failed from the trendline and fell back below the 21 …
Livestock Report
Live Cattle The October Live Cattle contract consolidated within Tuesday’s trading range on Wednesday, September 6, 2017. Bears couldn’t take price down below the Thursday low (104.20), but bulls couldn’t sustain rallies as each attempt was sold. Resistance is at the declining short-term moving averages (the 8 DMA (105.90), 13 DMA (106.10) and the 21 DMA (106.75)). The session high …
Livestock Report
Live Cattle The October Live Cattle contract traded in a choppy volatile range on Tuesday, September 5, 2017. It broke down to the early session low (104.35) before surging to the high (106.45) by mid-morning. The October contract then spent the rest of the day grinding lower, and it made a new low (104.30) for the day at the end …
Livestock Report
Live Cattle The October Live Cattle contract rallied to the high (107.475) of the day in the first 10 minutes of trading on Thursday, August 31, 2017. It tested and failed to overtake the 107.60 resistance level and reversed course and broke down to the low (104.20) of the day by mid-morning. This is below the 104.875 support level, making …
Livestock Report
Live Cattle The October Live Cattle contract broke down and made another test of the 104.875 support level on Wednesday, August 30, 2017. It made the session low at 104.95 just above the support level. The October contract grinded higher off the low and ended the trading session at 106.225, just above the 106.20 resistance level. The session resulted in …
Livestock Report
Live Cattle The October Live Cattle contract rallied to trendline resistance on Monday, August 28, 2017, trading up to 109.75, just below the trendline at 109.775. It couldn’t sustain the rally and pulled back below the 21 DMA (109.05) and the 108.675 support level, ending the day at 108.55. It formed a shooting star candle for the second day in …
Livestock Report
Live Cattle The October Live Cattle contract made a new low for the down move on Thursday, August 24, 2017, trading down to 104.625, just below the August 18th low of 104.75. It wouldn’t remain down there for after a 3 hour consolidation period, the October contract staged a late session surge to test the 13 DMA (107.30) once again. …
Livestock Report
Live Cattle The October Live Cattle contract reversed course on Wednesday, August 23, 2017, as the declining 13 DMA (107.625) provided resistance for the second day in a row. The session high (107.90) poked above the moving average and then Live Cattle broke down and traded down to test support at 106.00. It made its low at 105.775 and ended …