Live Cattle Futures—Cattle futures in the June contract is currently trading higher by 30 points at 124 .92 hitting another contract high continuing its bullish momentum as I still think there is room to run to the upside. If you have been following my previous blogs you understand that I think cattle prices could hit the 130 level and possibly…
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How Can You Use Moving Averages To Your Advantage? A simple moving average is calculated by adding the closing price of a commodity such as crude oil for a number of time periods and then dividing this total by the number of time periods. Short-term averages respond quickly to changes in the price of the underlying commodity, while long-term averages…
Orange Juice Futures–-Orange juice futures in the May contract is trading slightly higher this Tuesday in New York up 25 points at 109.00 as I have been recommending a bullish position from around the 110 level as this trade has gone nowhere over the last week while also breaking major support at the 110 level. If you took the original…
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Cattle Futures—Cattle futures in the June contract settled sharply higher this Monday afternoon in Chicago up 187 points at 124.42 or 1.53% hitting a fresh 1 year high continuing its bullish momentum as this is one of the strongest trends to the upside out of all sectors. If you have been following my previous blogs you understand that I continue…
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