Weekly Analysis: Livestock
Live Cattle: June live cattle completed a bearish outside range last week, confirming it has moved into a new secondary (intermediate-term) downtrend. Initial support this week is at last week's [...]
Live Cattle: June live cattle completed a bearish outside range last week, confirming it has moved into a new secondary (intermediate-term) downtrend. Initial support this week is at last week's [...]
I don't want to jump the gun, but the June lean hog contract looks to be in position to complete a bullish reversal on its weekly chart this week. If [...]
Live Cattle: June live cattle extend its secondary (intermediate-term) downtrend to a low of $155.70, with an initial downside target near $154.30. This left the contract oversold short-term and in [...]
Live Cattle: June live cattle fell to a new 4-week low last week, confirming a secondary (intermediate-term) downtrend. The initial downside target is near $154.30, then $151.95. Theoretical Positions: If secondary [...]
Live Cattle: April live cattle extended its secondary (intermediate-term) uptrend to a high of $166.40 last week. Initial support is at the 4-week low of $160.95. Theoretical Positions: No reversal [...]
Live Cattle: April live cattle extended its secondary (intermediate-term) uptrend to a high of $165.40 last week. However, the contract's candlestick chart shows a doji pattern (weekly open and close [...]
Live Cattle: April live cattle extended its secondary (intermediate-term) uptrend to a high of $164.125 last week. Initial support is at the 4-week low of $158.55. Theoretical Positions: Short April futures [...]
Live Cattle: April live cattle still look to be in a secondary (intermediate-term) downtrend, with confirmation the recent move to a new 4-week low below $159.225. The initial downside target [...]
The April lean hogs contract continues to hold above support at its previous low of $82.625 from the week of October 3, 2022. The contract posted a new low of [...]
Live Cattle: February live cattle still look to be in the process of establishing a secondary (intermediate-term) downtrend. Initial support is at the previous 4-week low of $154.675 with resistance [...]
Live Cattle: Using a weekly candlestick chart for February live cattle and the contract looks to have completed a shooting star last week. This tends to signal a top has [...]
Live Cattle: The February contract is in a sideways pattern between the recent high $157.225 and the low of $152.275. Weekly stochastics are near the overbought level of 80%. Theoretical [...]
Live Cattle: The February contract is in a sideways pattern between the recent high $157.225 and the low of $152.275. Weekly stochastics are near the oversold bought level of 80%. [...]
Live Cattle: The February contract is in a sideways pattern between the recent high $157.225 and the low of $152.275. Weekly stochastics are near the oversold bought level of 80%. [...]
Theoretical Positions Hedgers Could be short just below $185.90 from the week of August 29, as a new 4-week low was established Traders Could be intermediate-term short near $185.90 from [...]
Theoretical Positions Hedgers: Some hedges may have been put in place when December took out the previous week’s low of $149.875 Others might’ve short-hedged when the contract posted a new [...]
Theoretical Positions Hedgers Could still be short-hedged near $84.30 from the week of August 15 Based on a new 4-week low being established as the contract completed a bearish key [...]
Theoretical Positions Hedgers Could be short just below $185.90 from the week of August 29, as a new 4-week low was established Traders Could be intermediate-term short near $185.90 from [...]
Theoretical Positions Hedgers: Some hedges may have been put in place when December took out the previous week’s low of $149.875 Others might’ve short-hedged when the contract posted a new [...]
Theoretical Positions Hedgers Could be short just below $184.70 from the week of August 29, as a new 4-week low was established Traders Could be intermediate-term short near $184.70 from [...]
Theoretical Positions Hedgers: Some hedges may have been put in place when December took out the previous week's low of $149.875 Others might've short-hedged when the contract posted a new [...]
Theoretical Positions Hedgers Could be short just below $184.70 from the week of August 29, as a new 4-week low was established Traders Could be intermediate-term short near $184.70 from [...]
Theoretical Positions Hedgers Could still be short-hedged near $89.00 The close the week of April 11 as part of a bearish spike reversal These hedges might’ve been lifted when the [...]
Theoretical Positions Hedgers: I still like being long put options as the contract has not established clear short-term or intermediate-term sell signals October $146 put options could’ve been bought on [...]
Theoretical Positions Hedgers It's possible sell orders were triggered below the previous 4-week low of $182.825 Hedgers likely bought put options on the recent rally Based on his price distribution [...]