rounded corner
rounded corner
top border

Bullish or Bearish?


Bookmark and Share

Live Cattle (December)


December live cattle broke out above the top end of the recent range, taking us to our first resistance pocket, 111.00-111.875. This pocket represents the breakdown point, which then became resistance from August 21st-26th. The Bear camp must defend this pocket, a failure to do so could extend the rally towards the August 19th highs of 114.025. Our pivot pocket remains intact and will act as the first support for the remainder of the week, we have that listed as 109.60-110.075. We would not be surprised to see.......Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


Resistance: Pivot: Support:


Feeder Cattle (November)


November feeder cattle shot out of a cannon today, trading at the highest prices of the month. Prices rallied but stalled against the 50-day moving average, 143.30. If the Bulls can chew through this area, we could see an extension towards.......Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


Resistance: Pivot: Support:


Lean Hogs (December)


In yesterdays report, we talked about the velocity of the recent move being prone to a collection. Our resistance pocket from 66.825-67.60 was tested and held, this pocket was support at the end of last year and the eventual breakdown point in January. The first support for tomorrows session comes in at 62.85. A close below here opens the door for a run at.......Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


Resistance: Support:



Sign up for your FREE trial of our daily Markets Commentary!


Follow us on our social media sites to stay on the pulse of our latest research and commentary!


Twitter - twitter.com/bluelinefutures

Facebook - facebook.com/BlueLineFutures

StockTwits - stocktwits.com/BlueLineFutures

Latest blog posts - bluelinefutures.com/blog


Blue Line Futures 312-278-0500

info@Bluelinefutures.com


Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.



Recent articles from this author



About the author


Oliver Sloup is Vice President of Blue Line Futures, a leading futures and commodities brokerage firm located at the Chicago Board of Trade. Blue Line Futures mission is to put the customer first, and that means bringing YOU the best customer service, consistent and reliable research and state of the art technology.  Oliver has been a guest on CNBC and Bloomberg, among others.  Oliver has over a decade of trading experience. Prior to Blue Line Futures, Oliver worked as the Director of Managed Futures at iiTRADER.

 

 

Contributing author since 10/6/17 

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2020 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy