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Crude Oil Futures—Crude oil futures in the May contract is currently trading lower by 1.77% or $1.05 a barrel at 58.28 as prices remain choppy over the last several weeks looking for some fresh fundamental news to dictate short-term price action. At the current time I’m not involved as this market remains choppy, however taking a longer-term view I think…
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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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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