• Oliver Sloup

Livestock Roundup

Live Cattle (December)


Live cattle futures recovered their losses from Friday but failed to get much else going as market participants search for new news to propel us in the next direction. The technical trend over the last month suggests higher, as we have been consistently making higher lows and higher highs. If the Bulls can achieve consecutive closes above 111.00-111.875, we could see momentum take us to.....Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


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Feeder Cattle (November)


November feeder cattle traded both sides yesterday, finishing the session near unchanged and in the middle of our first support pocket, 139.75-140.625. The Bull camp MUST defend this pocket, a break and close below could open the door for a whoosh lower. Today’s resistance comes in from 141.075-141.35. A close above this pocket could take us back to.....Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


Bias:

Previous Session Bias:


Resistance:

Support:

Lean Hogs (December)


December lean hogs continue to chop around near our pivot point, 62.85. Price action over the last week has formed a bit of a wedge, posting higher lows and lower highs for the past 2-3 weeks. The Bull camp continues to have the technical advantage, but they are skating on thin ice. Significant support remains intact from 61.25-61.575, a break and close below here would.....Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias, and proprietary levels emailed each morning.


Bias:

Previous Session Bias:


Resistance:

Support:


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