Live Cattle The June Live Cattle contract made another limit up move on Thursday, April 27, 2017, trading past and closing (121.525) just above resistance at the January 19th high (121.45). It also closed solidly above trendline resistance (119.20). This trendline now becomes support, and the trendline is moving downward so for Friday’s trade support will be at 119.125. Resistance …
Windy City Jim’s – Daily Trade Recommendations (4/27/17)
Futures Day Trading Signals (Thursday, April 24th, 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 : June Gold Previous Closing Price : 1265.40 …
Global Overview
Much going on the domestic and global front. The President laying out much new work related to taxes, Nafta, Etc. The growth prospects are improving slowly but surely. The markets have much to digest with each new administration. Currencies The dollar showing a bit of strength today. The trend has been up. Corrections to be expected. The corrections should be treated …
Ag Commentary
The market was very quiet today. The weather is the focus. The market is at a key level, especially as it relates to beans and meal. Will the funds now add to short beans for the duration of the season, or will weather have enough of a impact to get them to cover. The fundamentals are deeply trenched with a oversupplied …
Livestock Report
Live Cattle The June Live Cattle contract made another new high on Wednesday, April 26, 2017, trading up limit before settling just below the limit move at 118.525. It traded and closed above the April 21st high (117.575) setting up a potential test of trendline resistance at 119.20. A break above the trendline could lead to a test of the …
Wednesday Afternoon US Grain Weather Summary
The Wednesday afternoon radar shows moderate to heavy snow over the northern third of Minnesota into southwestern portions of western Ontario Canada. Most of central and northern Wisconsin is seeing steady rain or thunderstorms and significant showers and thunderstorms some of which are becoming severe have developed over central and northwestern Arkansas …the southern half of Missouri …and the far …
Wednesday US Grain Weather Summary
The Wednesday morning radar shows a cluster of heavy storms and moderate rain over far eastern portions of Oklahoma …far Northwest Arkansas …and the southwest third of Missouri with additional scattered showers over central Oklahoma and over the Texas panhandle. A second area of precipitation consists of moderate rain over the eastern third of Iowa …far northwest Illinois …the western …
Livestock Report
Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:40 PM Today’s Reported Sales Volume: None Today’s Estimated Sales Volume: None On Tuesday negotiated cash trade was inactive on light demand in all feeding regions. Tuesday afternoon boxed beef cutout values were firm to higher on moderate to fairly good demand and moderate to heavy offerings. Choice …
Markets surge for second consecutive day
The stock markets got off to a good start early this morning when the news hit that a border wall funding would not be tied to a bill to prevent a government shutdown. Those opposed to a wall would most likely oppose a bill that includes any funding for a wall. Opposition to the bill would have most likely brought …
Daily Gold Report
The Gold market continued its slide Tuesday trading down to its lowest level in two weeks, briefly trading below the 200 day moving average at 1265.4 an ounce before settling just above it at 1267.1. June gold futures are down $22.00 for the week so far as a furious rally in the stock market has erupted. Investors breathed a sigh of relief early …