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 …
Livestock Report
Live Cattle On Tuesday July 17, 2018 the August Live Cattle contract consolidated after Monday’s limit up move. A nominal new high (107.60 vs. Monday’s 107.55) above the 107.35 resistance level failed to attract buyers. Price pulled back nearing the 106.025 support level, with the session low at 106.125. It settled near the low at 106.425. A breakdown below the …
Livestock Report
Live Cattle On Friday July 13, 2018 the August Live Cattle contract consolidated in a quiet trading session as traders waited for cash to trade and the cash market waited for futures to make any kind of a move. The cash trade by the futures close had not traded as packer bids remained lower than last week’s trade and producer …
Livestock Report
Live Cattle On Wednesday July 11, 2018 the August Live Cattle contract continued its descent, trading down past the 103.00 support level on its way to the session low at 102.70. It recovered off the low and settled at 103.85. If cattle can recover from settlement a test of the 104.20 – 104.85 resistance zone is possible. Resistance then comes …
Livestock Report
Live Cattle On Tuesday July 10, 2018 the August Live Cattle contract broke down and approached the 104.85 support level, making the low at 105.10. It settled nearby at 105.45. If cattle can recover from settlement a test of the 106.025 resistance level is possible. Resistance then comes in at 107.35. A breakdown below the low could see support tested …
Livestock Report
Live Cattle On Monday July 9, 2018 the August Live Cattle contract opened at 106.85 and traded to the high at 107.325. This is right at the key level at 107.35. It broke down from here trading to the low at 105.775. This is below the 106.025 support level, but it held and settled above it at 106.125. A bounce …
Livestock Report
Live Cattle On Thursday July 5, 2018 the August Live Cattle contract consolidated in a quiet trading session. It traded in a range from 107.575 high to the low at 106.30, settling near the low at 106.375. A breakdown below the 106.025 support level could lead to a test of support at 104.85. A bounce off the Thursday low could …
Livestock Report
Live Cattle On Monday July 2, 2018 the August Live Cattle contract made another new high for the up move trading up to 108.45, just shy of resistance at 108.65. It didn’t remain up here for long as cattle pulled back and settled at 106.90. A failure from settlement could see price test support at 106.025 and the 104.85. A …