This is posted every morning at about 8 AM, before the markets open. Are Cattle markets losing momentum? Hogs stuck around the 200 day moving average. Did Friday’s trade activity set the Grains up to rally today? Stock Index Futures all weak this morning.
5 Minutes on the Markets – 03/28/2025
This is posted every morning at about 8 AM, before the markets open. Cattle markets post strong Bullish Reversals on Thursday, Hogs continued the pattern of large trading ranges. Grains weaker overnight, led by Wheat, especially KC Wheat. Soybeans and Bean Oil jumped higher on Thursday, Bean Oil appears to be leading the way there. Gold making new contract highs …
Chart of the Day – May Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, March 18, 2025 May Soybean Oil (Daily) May Bean Oil closed at 42.64 today, up 0.44 on the day. The trendline low was tested last week and we’ve since seen 3 days of positive price movement. Today’s close was also above the …
Chart of the Day – March Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 31, 2025 March Soybean Oil (Daily) On Friday, March Soybean Oil closed up 1.13, at 46.11. Today’s bullish activity followed yesterday’s Doji, which is a day (bar) that opens and close at, or nearly at, the same price. Thursday’s trade also …