Comments for December 12, 2011
Looking ahead to Monday by reflecting back on Friday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors
CATTLE & FEEDER CATTLE FUTURES LOOKING TOPPY
MEATS: 12/12/11: Lower to sharply lower for live and feeder cattle along with lean hogs again. The cattle and feeders continue to look very toppy with the former needing the hold the 1187.50 area or else a nice size drop will probably ensue. The feeders also look very weak overall with little support down to the 140 area. There is, in my opinion, very good support for the January contract below 140 and heavy resistance above 145 which could help define the feeders trading range for a while. Hogs closed sharply lower again making their lowest low and close since September giving me a SELL SIGNAL while still in a very good support area. SIGNALS FOR LIVE AND FEEDER CATTLE. ALONG WITH LEAN HOGS. CALL FOR DETAILS!
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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at firstname.lastname@example.org or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.