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April Cattle Daily Numbers & Trade Ideas for 3/12/10


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This report was sent to subscribers on 3/11/10 6:00 p.m. Chicago time to be used for trading on 3/12/10. Everything is done by Howard Tyllas, no program or black box.

Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?  

April Cattle

After the close on 3/12/10: My resistance was 95.00, .20 from the actual high, and my support was 93.77, just .05 from the actual low.

Results for 3/12/10 were:

Grains: My soybean resistance was $.02 3/4 from the actual high and my support was $.05 from the low, and my corn resistance was $.01 1/4 from the actual high, and my support was $.00 1/2 from the actual low.

Crude Oil: My resistance was 0.13 from the actual high; my support was 0.24 from the actual low.

S&P: My resistance was 4.75 from the actual high; my support was 4.25 from the actual low.

Gold: My resistance was 8.80 from the actual high; my support was 8.80 from the actual low. 

Euro:  My resistance was 0.07 from the actual high; my support was 0.02 from the actual low.

Bonds: My resistance was 3 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .013 from the actual high; my support was .016 from the actual low.   

Cattle: My resistance was .20 from the actual high; my support was .05 from the actual low. 

 

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95.00                               Resistance

94.60

--------------93.77      Pivot

92.95 FG                   Gap & near Uptrend Line      

92.60

      Use the same numbers as used on 3/11/10

            

Trend                       89.87  is the 200 day MA

5 day chart.......      Up (last week same day)                                                          

Daily chart   ......   Up            

Weekly chart ....... Sideways   

Monthly chart ...... Sideways  

ATR .72                   Overbought 79%    

April Cattle (elec.) for 3/12/10: 

I said "Weekly chart gives resistance numbers, gap at 92.95 supports, and then the uptrend line near 92.50 is key support". Bears now have a place to sell against, and bode well for selling with a buy stop above there to protect (9362).

 Notice how I use the open outcry chart to locate gaps, but I do my numbers for the electronic market as always. Open outcry is where I find the major players doing business.     

 In my daily numbers on Thursday; my resistance was .47 from the actual high, my pivot acted as support and was .22 from the actual low.

Cattle: Accurate support and not helpful resistance. Same thoughts, same numbers.

April Cattle (elec.) for 3/11/10: 

Cattle: Accurate numbers. I would jump on the sell against resistance, and the buy stops will be above 93.60 as will mine be. Uptrend line is not far below, and bears need to close below it in order to regain short term control. Bulls are in command and the chart is in corrective mode now.

April Cattle (elec.) for 3/10/10: 

Cattle: Hardly moved from the pivot. Bulls are in control and trying to regain strength to hurdle the current resistance level. Shorts should use known risk strategies if holding it overnight. Risk reward is tempting at this level and I would day trade selling near resistance, using a buy stop to protect.

April Cattle (elec.) for 3/9/10: 

Cattle: No help in the resistance, support was. Bulls in command and approaching weekly chart resistances. I only want to day trade this market using my numbers, and longer term trades would be done using a known risk option strategy.

April Cattle (elec.) for 3/8/10: 

Results for 3/5/10 were:

Grains: My soybean resistance was $.02 1/4 from the actual high and my support was $.01 3/4 from the low, and my corn resistance was $.00 3/4 from the actual high, and my support was $.01 from the actual low.

Crude Oil: My resistance was 0.37 from the actual high; my support was 0.10 from the actual low.

S&P: My resistance was .50 from the actual high; my support was 5.75 from the actual low.

Gold: My resistance was $2.10 from the actual high; my support was $1.60 from the actual low. 

Euro:  My resistance was 0.13 from the actual high; my support was 0.33 from the actual low.

Bonds: My resistance was 6 from the actual high; my support was 9 from the actual low. 

Nat. Gas: My resistance was .020 from the actual high; my support was .066 from the actual low.   

Cattle: My resistance was .27 from the actual high; my support was .05 from the actual low. 

Cattle: Spot on support and accurate resistance. Same thoughts as before.

April Cattle (elec.) for 3/5/10: 

Cattle: Accurate support and helpful resistance. Same thoughts and numbers as yesterday.

April Cattle (elec.) for 3/4/10: 

Results for 3/3/10 were:

Grains: My soybean resistance was $.00 1/2 from the actual high and my support was $.00 3/4 from the low, and my corn resistance was $.03 1/4 from the actual high, and my support was $.03 3/4 from the low.

Crude Oil: My resistance was 0.28 from the actual high; my support was 0.07 from the actual low.

S&P: My resistance was 3.00 from the actual high; my support was 0.75 from the actual low.

Gold: My resistance was $2.20 from the actual high; my support was $0.70 from the actual low. 

Euro:  My resistance was 0.52 from the actual high; my support was 0.02 from the actual low.

Bonds: My resistance was 1.5 from the actual high; my support was the EXACT actual low. 

Natural Gas: My resistance was .079 from the actual high; my support was .048 from the actual low.   

Cattle: My resistance was .30 from the actual high; my support was .02 from the actual low. 

Cattle: Spot on support and helpful resistance. Bulls and bears alike know the recent high is resistance. I would take profits if I was long and look to buy again cheaper. Bears know what they are leaning against, and a new high for this run would stop them out (at least that is how I trade).

Want to know what I think for tomorrow and going forward?

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.



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Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA) and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

                                                 

                        

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