Live Cattle October 2019: The contract closed at $109.90, up $1.40 for the week. The contract extended its secondary (intermediate-term) uptrend last week to a new high of $110.55. The contract’s daily chart continues to indicate a possible minor (short-term) [...]

Live Cattle October 2019: The contract closed at $108.50, down $1.475 for the week. Despite last week’s lower close October live cattle remain in a secondary (intermediate-term) 5-wave uptrend. Last week’s inside trading range leaves the door open to a [...]

Live Cattle August 2019: The contract closed at $108.475, up $1.475 for the week. August live cattle extended its secondary (intermediate-term) uptrend to a new 4-week high of $108.725 last week. The initial upside target remains near $109.30, a price [...]

Live Cattle August 2019: The contract closed at $107.00, up $2.65 for the week. August live cattle confirmed its move to a secondary (intermediate-term) uptrend as it posted a new 4-week high of $107.80 last week. The next upside target [...]

Live Cattle August 2019: The contract closed at $104.35, up $2.125 for the week. August live cattle posted a new low of $101.975 before closing higher last week. Combined with the previous week’s close near its weekly low of $102.05, [...]

Live Cattle August 2019: The contract closed at $102.225, down $2.05 for the week. August live cattle fell to a new low of $102.05 last week, setting aside thoughts of a secondary (intermediate-term) 5-wave uptrend for now. If the contract [...]

Live Cattle August 2019: The contract closed at $104.275, up $0.975 for the week. August live cattle is still hinting at a likely secondary (intermediate-term) 5-wave uptrend, with last week’s high of $107.175 possibly a Wave 1 high. If so, [...]

Live Cattle August 2019: The contract closed at $103.30, up $0.225 for the week. August live cattle posted an inside trading range last week, hinting at a possible bullish change in secondary (intermediate-term) trend possibly as soon as this coming [...]

Live Cattle August 2019: The contract closed at $103.075, down $0.975 for the week. As discussed in this space last week, the August contract gained bearish momentum as it moved below its previous 4-week low of $106.225. This led to [...]

Live Cattle August 2019: The contract closed at $107.95, down $0.975 for the week. The contract continues to consolidate above its recent low of $106.225. A break of this support could lead to a test of the previous secondary (intermediate-term) [...]

Live Cattle August 2019: The contract closed at $108.925, up $0.025 for the week. The contract’s secondary (intermediate-term) 3-wave downtrend looks to have come to an end last week. August live cattle fell to a new low for this move [...]

Live Cattle June 2019: The contract closed at $115.05, down $7.625 for the week. The contract remains in a secondary (intermediate-term) 3-wave downtrend with last week’s activity an example of a strong Wave C (third wave). Given the move easily [...]

Live Cattle June 2019: The contract closed at $122.675, up $1.225 for the week. While the contract remains in a secondary (intermediate-term) 3-wave downtrend, the minor (short-term) trend on its daily chart remains up (see chart). This indicates June cattle [...]

Live Cattle June 2019: The contract closed at $121.45, up $1.10 for the week. The contract still looks to be in a secondary (intermediate-term) downtrend, with the recent consolidation looking to be the early stages of a Wave B (second [...]

Live Cattle June 2019: The contract closed at $120.35, up $1.35 for the week. The contract is still flirting with a potential move to a secondary (intermediate-term) downtrend, though holding above support at the 4-week low of $117.925. The latest [...]

Live Cattle June 2019: The contract closed at $119.00, down $4.50 for the week. The contract followed through on the previous week’s bearish crossover by weekly stochastics, an indicator that the secondary (intermediate-term) trend could turn down, falling below initial [...]

Live Cattle June 2019: The contract closed at $123.50, up $1.575 for the week. June live cattle posted a new high of $124.90 last week before falling back at the close. This created a bearish crossover by weekly stochastics above [...]

Live Cattle June 2019: The contract closed at $121.925, up $0.975 for the week. June live cattle posted a strong rally, with last week’s price action establishing a bullish outside range on its weekly chart. Support continues to come from [...]

Live Cattle June 2019: The contract closed at $129.675, up $0.125 for the week. I rolled my analysis to the June contract this week since it is the heavier traded live cattle contract. June hit a new high of $121.00, [...]

Live Cattle April 2019: The contract closed at $129.55, up $0.675 for the week. April live cattle posted a new high of $130.45 last week, extending its secondary (intermediate-term) uptrend. Not surprisingly, weekly stochastics remain well above the overbought level [...]

Live Cattle April 2019: The contract closed at $128.875, up $1.70 for the week. April live cattle posted a new high of $129.60 last week, extending its secondary (intermediate-term) uptrend. Not surprisingly, weekly stochastics remain above the overbought level of [...]

Live Cattle April 2019: The contract closed at $127.175, down $0.75 for the week. April live cattle continue to consolidate below the high of $129.475 (week of January 28), part of what still looks to be a bearish spike reversal. [...]

Live Cattle April 2019: The contract closed at $127.925, up $1.65 for the week. Live cattle continue to quiet talk of potential secondary (intermediate-term) downtrends with strong weekly trade. This past week saw the April contract post an inside trading [...]

Live Cattle April 2019: The contract closed at $126.85, down $0.525 for the week. The contract remains a mix of signals, with weekly stochastics establishing a bearish crossover above the overbought 80% level signaling a potential move to a downtrend. [...]