What’s Up, What’s Down: Spotlight on Meats
Comments for August 25, 2011
Looking ahead to Thursday by reflecting back on Wednesday’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
MEATS TURN BEARISH
FUTURES AND OPTIONS TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. FUTURES AND OPTIONS TRADING IS NOT SUITABLE FOR ALL INVESTORS.
MEATS: 8/25/11 Lower to sharply lower for live cattle and feeder cattle along with lean hogs again. The cattle made their lowest low and close since the middle of June unable to hold a critical area (trading range roughly between 11500 and 12000 since around June 20th) giving me a SELL SIGNAL. The cattle’s next support area is around 11200 basis the October contract. The feeders also made their lowest low and close since the middle of June with the next support area from 12750(Oct.) down to 12500 unable to hold a critical price area(13315). Hogs settled lower continuing to look very weak since the beginning of August. However, it has been holding an important support area so far. SELL SIGNALS FOR LIVE AND FEEDER CATTLE ALONG WITH LEAN HOGS. CALL FOR DETAILS!
“A good plan is like a roadmap; it shows the final destination and usually the best way to get there” (H. Stanley Judd). Traders need a trading plan too. Download my TRADING PLAN TEMPLATE by clicking this link or copying and pasting it into your browser:
https://www.zaner.com/3.0/ljstradingplantemplate.asp
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.