What’s Up, What’s Down: Spotlight on Meats
Comments for November 4, 2011
Looking ahead to Friday by reflecting back on Thursday’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
NEW BUY SIGNAL IN CATTLE FUTURES
MEATS: 11/4/11 Higher closes for the live cattle but lower for the feeder cattle and lean hogs. Cattle followed through again sharply higher with its best high and close since the end of July as shown below back to giving me a BUY SIGNAL while the feeders settled slightly lower.The cattle along with the feeders continue to act the strong while hogs gave me a SELL SIGNAL after having their lowest low and close since late September. BUY SIGNALS FOR THE LIVE AND FEEDER CATTLE. SELL SIGNAL FOR LEAN HOGS. CALL FOR DETAILS!
Follow my Cattle commentary daily at the Livestock Futures Update blog; https://meatfuturesupdate.com
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.