• Pete

Very Interesting

Cattle Acting Kind of Cool

I typically watch a 15-minute bar over five days when I’m looking short term in meats or grains. As is pretty typical for most markets, they tend to fill their gaps. What was pretty cool to me today was on the open June gapped below yesterdays limit move to fill a gap left from 4-6 at 80.65. Within 5 minutes it rallied back to nearly fill the gap left from the open but not quite. It broke back down to around the open this morning only to begin another trek upward to completely fill that gap. They kept right on going to near 86.00 and it looks like they are getting some support at 84.00. The technicians I think would love that action.

The Hogs Nearly as Cool but not quite.

June Hogs gapped open just slightly under yesterday’s limit but rallied back quickly. It looked like they would follow suit with the Cattle, but they pooped out. Breaking down to 41.35 or so they rallied back to yesterdays close of 45.00 leaving a gap between 46.70 to 48.55 yet to be filled. Let’s see what they do.

0 views

Recent Posts

See All

CME and Global Risk Management

The CME Group is always offering products to protect Producers and Users all over the globe. Check this out! https://go.cmegroup.com/webmail/502091/766922881/ebf2b06d9b9f415c0ba49e74fe72fcca05b716872c

Fractal Finance

872-225-2110 ext. 2

FAX: 872-225-2110

  • facebook
  • twitter
  • linkedin

©2020 BY QUANT TRADE, LLC. QUANT TRADE, LLC IS NOT RESPONSIBLE FOR CLIENT OR SUBSCRIBER LOSSES. TRADING FUTURES, STOCKS, FOREX AND OPTIONS INVOLVES THE RISK OF LOSS. YOU SHOULD CONSIDER CAREFULLY WHETHER FUTURES, STOCKS, FOREX AND OPTIONS ARE APPROPRIATE TO YOUR FINANCIAL SITUATION. YOU MUST REVIEW THE CUSTOMER ACCOUNT AGREEMENT AND RISK DISCLOSURE PRIOR TO ESTABLISHING AN ACCOUNT. ONLY RISK CAPITAL SHOULD BE USED WHEN TRADING FUTURES, STOCKS, FOREX AND OPTIONS. INVESTORS CAN LOSE MORE THAN THEIR INITIAL INVESTMENT. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES OR OPTIONS CAN BE SUBSTANTIAL, CAREFULLY CONSIDER THE INHERENT RISKS OF SUCH AN INVESTMENT IN LIGHT OF YOUR FINANCIAL CONDITION. INFORMATION CONTAINED, VIEWED, SENT OR ATTACHED IS CONSIDERED A SOLICITATION.