Live Cattle On Tuesday August 7, 2018 the October Live Cattle contract broke down below the 110.80 support level, trading to the low at 110.10. A bounce took price above support and it settled above it at 110.925. If support holds, price could test the 112.35 resistance level. Resistance then comes in at 113.90. A failure from 110.80 could challenge …
Livestock Report
Live Cattle On Monday August 6, 2018 the October Live Cattle contract matched the Friday high at 112.15 and sagged. It made the low at 111.225 and settled at 111.55. It couldn’t trade above resistance at 112.35 and couldn’t trade below support at 110.80. A breakout above 112.35 could lead to a test of resistance at 113.90. Resistance then comes …
Livestock Report
Live Cattle On Friday August 3, 2018 the October Live Cattle contract surged to the upper portion of its112.25 – 108.175 trading range. It reached a high of 112.15 and settled nearby at 112.00. The rally also stalled just shy of resistance at 112.35. This will be the key level for trading on Monday, in my opinion. A breakout above …
Cattle – Wall of Demand?
Good Day Producers and Speculators, The comments below are all my opinions. If you are trading always use a risk stop or the risk can become uncontrollable. These are volatile markets. So let’s recap as we assess the impact of when markets hit these olive extreme’s like 3 weeks ago down by previous months lows. We were looking for a monthly reversal up to buy KWU 4.73, CZ …
Livestock Report
Live Cattle On Wednesday August 1, 2018 the October Live Cattle contract continued its consolidation. Trading with a 109.05 low to a high of 110.875, cattle continues to coil. A chop fest. A quagmire…etc… It tested resistance at 110.80 at the end of the session and settled under it at 110.275. No help there! Thursday’s have been break down day …
Livestock Report
Live Cattle On Thursday July 26, 2018 the October Live Cattle contract broke out above the 11.25 Wednesday high, trading up to 112.25 for a new high for the up move. It couldn’t conquer resistance at 112.35 and the rally was defeated. Price retreated and then was routed. The selloff took price past the 110.80, 109.40 (Tuesday low) and108.65 support …
Livestock Report
Live Cattle On Wednesday July 25, 2018 the October Live Cattle contract continued its trade between the 110.80 resistance level and the 108.85 support level. The range was 110.90 high to 109.575 low. It settled at 110.775. In the after-settlement trade from 1pm – 1:05 pm price jumped to a new high for the session and the up move at …
Livestock Report
Live Cattle On Tuesday July 24, 2018 the October Live Cattle contract traded between the 110.80 resistance level and the 108.85 support level. The range was 110.725 high to 109.40 low. It settled at 110325. It has formed a ledge as the past 4 trading sessions traded in similar ranges. All 4 sessions have consolidated around the July 18th rally …
Livestock Report
Live Cattle On Friday July 20, 2018 the August Live Cattle contract traded in a quiet sleepy session as traders waited for cash to trade and the Cattle on Feed report. It made a nominal new high for the up move reaching 109.35 and made a lower low from Thursday’s trading session making an outside day candlestick. It settled at …
Livestock Report
Live Cattle On Wednesday July 18, 2018 the August Live Cattle contract traded higher, breaking through the 108.65 resistance level on its way to the session high at 109.15. It settled above resistance at 108.95. The strong close could lead to a test of resistance at 109.825 and then 110.80. Support now comes in at 108.65 and 107.35. Negotiated cash …