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Live Cattle Futures—Cattle futures in the August contract experienced a very quiet Tuesday afternoon in Chicago finishing down 10 points breaking a 3-day winning streak currently trading at 100.00 as we are awaiting some fresh fundamental news to dictate short-term price action. I have been recommending a bullish position over the last week from around the 99.80 level and if…
S&P 500 Futures—The S&P 500 in the September contract is trading higher for the 4th consecutive session reacting very positively to the unemployment number which was released today stating that the United States added 4.8 million jobs sending prices up 41 points currently trading at 3,144 or 1.33% higher. If you’ve been following my previous blogs you understand that I…
7 Live Cattle Futures—Cattle futures in the August contract have broken out to the upside as prices are now near a 5-week high as I am now recommending a bullish position from around the 99.80 level and if you took this trade continue to place the stop loss at 93.57 as the risk is around $2,500 per contract plus slippage…