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

  • Oliver Sloup

Livestock Roundup

Cattle

Cattle futures went straight to limit up after yesterday’s open, this after opening limit down in the previous session. As we have mentioned for the last several weeks, outside markets have and will likely continue to be the leader. With that said, there were signs of some decoupling yesterday. Stocks retreated near unchanged and cattle held a bid. If stocks trade sideways, we will see that as a positive for cattle. It’s the 1,000 point down days in the Dow that spook the market. The Dow and S&P are down nearly 3% in the early morning trade, likely to put pressure on cattle. We have been looking past the April contract and towards June, August, and October. With the volatility, technicals have been thrown out the window until things settle down and they re-calibrate. So, we will be working with clients to trade a core long position with an intermediate term time frame.......click this link for the FULL report! or email Oliver@BlueLineFutures.com


Lean Hogs

Lean hogs gapped higher yesterday but failed to hold all of those gains into the close. The market has been trading in a wedge for the last month, posting higher lows and lower highs. This comes to a point where we generally see a bigger directional move, a breakout or a breakdown. We think there may be some opportunity to the upside, but think it is likely limited and there are better opportunities elsewhere.......click this link for the FULL report! or email Oliver@BlueLineFutures.com



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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

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