Livestock Higher and Grains Lower - For Now...
Cash Markets strong, propel Hogs higher
The December WTI (CLZ24 ) trading session settled at 67.38 (-4.40) [-6.13%] , had a high of 69.00, a low of 66.92. Cash price is at 71.77 (+1.59), while open interest for CLZ24 is at 336,548. CLZ settled...
Futures traders continue hold the line. In all honesty, they have to. Speculators and funds have piled on new positions last week in an approximate $3.00 range. At the same time, it is believed cattle...
Given the sharp increases over the past few months, it is unclear if these markets can maintain these elevated levels. Both markets can continue to grind higher but lower prices appears the most likely....
Grain markets opened the Sunday night trade lower but have been able to stabilize some through the morning. These are the levels to watch through this week's trade.
Tesla can be Finally Finishing A Bullish Triangle Pattern that can resume its uptrend from Elliott wave perspective.
WTI Crude Oil Futures opened sharply lower Sunday afternoon after Israeli attacks on Iran fell short of expectations.
December live cattle futures traded both sides of unchanged on Friday, with 4-star resistance tested and holding strong. If you’re looking to protect the downside, this could be an ideal opportunity....