Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Live Cattle The August Live Cattle contract rallied at the open but couldn’t stay above the descending 8 DMA (122.20) on Tuesday, May 23, 2017, trading to the high of the day at 122.65, before breaking down and trading to the low of the day at 120.75. It spent the rest of the day consolidating between 122.50 and 121.00, settling …

Long Term Technical View Soybean Meal / Oil

John Lunney General Commentary Leave a Comment

A complex correction is currently in progress. Structural setup would indicate further losses. Minor underneath support comes in at +/- 302.0. A recovery from this level is plausible. Subset wave pattern could produce gains which reach for 333.0 level. It should be clearly stated that an unraveling could be in the cards. First major target rest at +/- 270.0. If W-Y-Z breakdown would to extend …

Ag Commentary

John Walsh Grains Leave a Comment

The soy complex along with the products broke a bit today. The market is hesitant to be aggressive inter day with sales. This is due to the month and the net short position.  The fundamental picture remains bearish with plenty of supply. Without a weather problem this will catch up with the price. We are currently priced high from a …

Monday Afternoon Weather Update

walshtrading Weather Leave a Comment

MONDAY AFTERNOON RADAR – The Monday afternoon radar shows heavy showers and storms over far southeastern Texas, all Louisiana into western Mississippi. There is additional moderate rain showers and a few weak storms over central and northeastern Kansas…  into northwestern Missouri and far west central Illinois. An area of moderate rain and showers can be found over eastern Wyoming, western & central …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The August Live Cattle contract rallied on Monday, May 22, 2017, trading to the high of the day at 123.15, this just below resistance at the 21 DMA (123.575) and the 38.2% resistance level (123.99) of the downmove from the May 4th high (134.55) to the May 18th low (117.475). It fell back from here and ended the …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Gold futures grinded higher throughout the session as geo-political issues regarding the Trump administration and North Korea again have investors re-emerging on the long side of the market. June Gold futures pushed above the 1260 level to settle at 1261.40, up $7.80 for the session. July silver futures saw huge gains gaining just shy of .40 cents to settle above 17.00 …

Currency comment 5/22

Steve Caldwell General Commentary Leave a Comment

The U.S. dollar closed slightly lower on Monday while the Euro FX closed higher.  U.S. equity indices were again higher.  Gold continued its price recovery begun two weeks ago.  Crude oil was also higher in a move that started about ten days ago. Over the last six weeks the U.S. dollar has declined by about 350 points; over the same …

Windy City Jim’s – Daily Trade Recommendations (05/22/17)

Jim Walters General Commentary, Grains, Livestock, Precious Metals Leave a Comment

Futures Day Trading Signals (Tuesday May 23, 2017) Author: Windy City Jim  312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Wheat Previous Closing Price : 436 1/2 …