Livestock Roundup

Live Cattle (December) December live cattle futures pulled back near technical support; the upper end of that support being defined as 128.30. If you had played the short side or liquidated long positions against technical resistance, you may consider reducing those positions and looking back to the long side for a short-term trade. Cash market is little changed, which could help the market settle into.....Click here to get our (FULL) daily reports emailed to you!

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Support: Feeder Cattle (November) November feeder cattle continue to linger near the 100-day moving average, that remains intact along with our resistance pocket, 161.40-162.125. If the Bears can continue to defend this pocket, we could see a retracement back to 159.725-160.00. We don’t know that we would be holding our breath for much more than that in the near term. The fact that we haven’t seen a clear-cut rejection against technical resistance, after last week’s run, is.....Click here to get our (FULL) daily reports emailed to you!

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Support: Lean Hogs (December) December lean hogs continued to pullback yesterday, trading deeper into the gap, which goes down to 77.20. So long as the Bulls can defend the low end of that gap, on a closing basis, we like the risk reward to the buy-side. Instead of getting overly aggressive with futures you may consider.....Click here to get our (FULL) daily reports emailed to you!

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Dairy Blocks and Barrels have backed away from the 1.80 level and Class III futures have paused the rally. Class IV has picked it back up as butter and powder have shown strong demand this week. The difficult question is knowing how illiquid that market is, should coverage be added in the face of strength and not risk a rapid decline or is this market poised to go higher?.....Click here to get our (FULL) daily reports emailed to you!

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Call/Text/Email, Oliver with any questions.

Oliver@BlueLineFutures.com and 312-837-3938



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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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