• Oliver Sloup

Livestock Roundup

Live Cattle (December) December live cattle had their biggest down day in several months, despite little change in the fundamental landscape. There was some cash trade at 109 in Texas yesterday, as well as some 107 in Iowa. Despite the decline, technicals remain intact. We like being a buyer on the weakness but need to see the technical levels hold on a closing basis. Significant support comes in from.....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: Feeder Cattle (November) November feeder cattle worked lower yesterday morning but managed to finish the day near unchanged and in our support pocket, 135.50-136.25. This pocket represents previously important price points and the 50% retracement (middle of the range) from the contract highs to the contract lows. This is a MUST hold area for the Bull camp. There is a good risk/reward opportunity here in the near term for those that are bullish, but the trend of lower highs and lower lows over the last two-months keeps the Bears in control of the intermediate-term chart.....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) In the last few reports, we have noted reducing exposure against technical resistance, a pocket that we have defined as 66.825-67.60. We continue to believe that the Bulls have the technical advantage, but we want to be ready, willing, and able to put exposure back on at.....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:


Try out a demo of our Blue Line Trader and enjoy 14-day free real-time futures & options data.

Sign up for your FREE trial of our daily Grain & Livestock Market Analysis!

Follow us on our social media sites to stay on the pulse of our latest research and commentary!

Twitter - twitter.com/bluelinefutures

Facebook - facebook.com/BlueLineFutures

StockTwits - stocktwits.com/BlueLineFutures

Latest blog posts - bluelinefutures.com/blog

Blue Line Futures

312-278-0500

info@Bluelinefutures.com

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.

13 views
Logo_desktop_2x.png

141 W. JACKSON BLVD., SUITE 2845

CHICAGO, IL 60604

INFO@BLUELINEFUTURES.COM

P: (312) 278-0500

F: (888) 370-2221

  • YouTube - White Circle
  • Facebook - White Circle
  • Twitter - White Circle
  • LinkedIn - White Circle

© 2020 by Blue Line Futures, LLC. All rights reserved.

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