Bullish On Cattle And Hogs
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
February lean hogs
(
LHG1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like it has the potential to rally out of a pullback. Continue to look
for buying opportunities here.face=”Arial, Helvetica”>
January feeder cattle
(
FCF1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be resuming
its strong uptrend out of a pullback. Continue to look for a buying opportunity here.
For
you breakout players, February live cattle
(
LCG1 |
Quote |
Chart |
News |
PowerRating), mentioned Friday night,
broke to new highs on an expansion of range on Monday. Continue to look for a buying opportunity
here, or better yet, wait for the next pullback.
March
cotton
(
CTH1 |
Quote |
Chart |
News |
PowerRating), mentioned Friday night, appears to be resuming its downtrend
out of a big-picture inverted cup formation. Continue to look for
a shorting opportunity here.
Looking Ahead
The crude complex appears
to be stalling out in its rally from lows and may offer shorting opportunities
over the next few days.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!