What’s Up, What’s Down: Spotlight on Livestock
Comments for March 22, 2011
Looking ahead to Tuesday by reflecting back on Monday’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 AND HOG FUTURES FACING RESISTANCE
LIVESTOCK SECTOR: 3/22/11 Higher closes yesterday for live and feeder cattle along with lean hogs. The cattle and feeders settled higher both still retracing over the last few trading sessions. Cattle continue to be in a heavy resistance area with 110, in my opinion, a key area for the April contract to hold. Meanwhile, the hogs have also settled higher entering a resistance area with 125 a key area for the April contract to hold. Hog should be sold on rallies but seem to be forming a potential bottom at this time. BUY SIGNALS FOR LIVE AND FEEDER CATTLE. SELL SIGNAL FOR 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 ralexander@zaner.com 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.