Live Cattle The October Live Cattle contract opened (114.95) strong and tested resistance at the 200 DMA (115.175) on Thursday August 3, 2017, trading up to the high (115.60) of the day early in the trading session. The rally couldn’t be sustained and price grinded lower and made the low (114.425) of the day at mid-session. A resurgence in effort …
Livestock Report
Live Cattle The October Live Cattle contract was quiet most of the trading session on Tuesday August 1, 2017, trading in a tight range (112.725 – 11.55) most of the trading session. A late day rally took the October contract past the high, reaching 113.20 at the end of the session. This sets up a potential test of resistance at …
HOGS- OLIVE BUY ALERT
I haven’t looked at hogs because I do not have hog producers but this hit one of the olive colored line buy levels in Oct Hogs. Use appropriate stop loss orders so you stay fresh but this is a buy level decent time frame. Let’s watch this. Producers- This is not a place to hedge hogs This happened since I …
Livestock Report
Live Cattle The October Live Cattle contract made a new low for the move on Monday July 31, 2017, making its way down to test support at the 110.80 level, making the low at 111.25. A late day rally took the October contract past the open (112.45), which also was the session high to a new high for the day …
Cattle August, before it goes limit down. 112.50
I have spelled this game out for a few weeks. Alert is given to longs in this market. Here are two charts ahead of time. Let’s watch how this plays but sharply lower prices from here if we deteriorate or which we are live. ARP 312.957.8248 BUS HOURS. arp@walshtrading.com Lunnie says 108.00+/-
Livestock Report
Live Cattle The October Live Cattle contract rallied from the open (113.375), approaching the 200 DMA (114.70) on Wednesday July 26, 2017, making the high of the day at 114.225 in front of the fedcattleexchange auction. The auction had 2,119 head for sale, with 772 sold. Prices ranged from 117.50 to 118.25. After the auction, futures turned lower as cash …
Livestock Report
Live Cattle The October Live Cattle contract broke down below the 200 DMA (114.65) on Tuesday July 25, 2017, making its way down to test support at the July 6th low (112.425) with the session low at 112.65. A break down below the July 6 low could see price test support at 110.925. Resistance is at the 200 DMA. On …
Hog-Dog days ahead?- get a game plan
I have made this clear but here I share some levels going into the weekend. I like to think ahead of time how this will start to look and from that some trading ideas will come from that. Bonds today 3 off high had a sell going into Friday but didn’t even hang in today without dropping back to steady, …
Livestock Report
Live Cattle The August Live Cattle contract remains trapped between the 100 DMA (118.175) and the 200 DMA (114.30). It opened (117.20) just above Monday’s settlement price (116.95) on Tuesday, July 18, 2017 and traded down to the low of the day at 114.775. It spent the remainder of the day consolidating in the lower end of the range (115.45 …
Few (6) Quality Olive Trade flashing
Markets are heating up everywhere, across the board so here are a few chart spots that have hit olive conditions. This olive is at the genesis of trading throughout the time spectrum that offers value and keeps you out of the way as it approaches. The value of quality research means you wait for trade conditions to materialize. Right? So …