• Oliver Sloup

Livestock Roundup

Live Cattle (April)

April live melted into our technical support pocket yesterday, we have defined that as 118.35-119.10. This pocket represents the low end of the recent range and the 50% retracement from the September lows to the contract highs. We are wanting to see prices defend this pocket on a closing basis to offer the market more of a relief rally, which we would likely work with clients to sell into (for hedgers and speculators). The RSI (relative strength index) is at 27.98, technically oversold.


Resistance: 121.225-121.80***, 123.075-123.45***

Pivot: 120.125-120.30

Support: 118.35-119.10****, 116.70****


Contact Oliver with any comments/questions, or to get our daily reports emailed to you!

call/text/email: 312-837-3938, or Oliver@BlueLineFutures.com


Feeder Cattle (March)

March feeder cattle tested and held technical support in yesterday’s session, we have defined that pocket as 133.25-134.20. If the bulls fail to defend this pocket, we could see a “whoosh” lower, with little meaningful support until the 130 and below area. On the resistance side of things, the bulls want to see consecutive closes back above 136.95-137.30, this pocket represents previously important price points and the 50% retracement from contract lows to the triple top highs at 147.75.


Resistance: 138.80-139.25****, 140.80-141.125**

Pivot: 136.725-137.25

Support: 133.25-134.20****, 130.025-130.30**, 126.05-126.40****


Contact Oliver with any comments/questions, or to get our daily reports emailed to you!

call/text/email: 312-837-3938, or Oliver@BlueLineFutures.com



Lean Hogs (April)

April lean hogs failed to find follow through yesterday and are a stones throw away from filling the gap from Friday morning, 64.875. We think that the market can work back to the original breakdown point above the $70 handle, but it won’t be a straight shot, so buckle up.


Resistance: 67.95-68.675***

Support: 64.375-65.025**, 61.00***






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Futures trading involves substantial risk of loss and may not be suitable for all investors.