August Cattle (elec.)

After the close recap on 7/2/10: My resistance was 90.50, just .07 from the actual high, and my pivot acted as support and was 89.50, just .10 from the actual low.

' /> August Cattle (elec.) Daily Numbers & Trade Ideas for 7/2/10 | AGWEB.com

 
Jul 28, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Hedging Corn and Soybeans

RSS By: Howard Tyllas, AgWeb.com

Howard Tyllas is currently a member of the Chicago Board of Trade and registered with the Commodity Futures Trading Commission as a floor broker and as a Commodity Trading Advisor.

August Cattle (elec.) Daily Numbers & Trade Ideas for 7/2/10

Jul 03, 2010

 

 

 

This report was sent to subscribers on 7/1/10 8:40 p.m. Chicago time to be used for trading on 7/2/10. Everything is done by Howard Tyllas, no program or black box.

August Cattle (elec.)

After the close recap on 7/2/10: My resistance was 90.50, just .07 from the actual high, and my pivot acted as support and was 89.50, just .10 from the actual low.

Results for 7/2/10 were:

Soybeans: My resistance was .04 3/4 from the actual high (only .00 1/2 away in open outcry); my support was .01 1/4 from the actual low.

Corn:    My resistance was .01 from the actual high; my support was .00 1/4 from the actual low. 

Crude Oil: My resistance was .06 from the actual high; my support was .43 from the actual low.

S&P:    My resistance was 8.50 from the actual high; my support was 4.75 from the actual low. 

Gold:     My resistance was 0.50 from the actual high; my support was 2.80 from the actual low. 

Euro:    My resistance was .67 from the actual high; my support was .80 from the actual low. 

Bonds: My resistance was 10 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .063 from the actual high; my support was .055 from the actual low.   

Cattle:  My resistance was .07 from the actual high; my support was .10 from the actual low. 

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry? 

We cannot post every market, if you are interested sign up for free & get "how I use my numbers".

Sign up For Free 1 Day Trail of Daily Numbers & Trade Ideas

 Sign Up for Learn a better way to hedge for farmers


91.00                         

90.50                          

--------------90.00       Pivot 

89.50                           

88.10                    

87.27 FG                        

Trend                       88.45  is the 200 day MA    

5 day chart....…      Up (last week same day)                                                          

Daily chart   ……   Sideways                 

Weekly chart …….Up                     ATR 1.07

Monthly chart....    Sideways           Overbought 83%


I continue to say "Bracket line is support and as long as the market holds there the longer term bullish trend remains intact".

August Cattle (elec.) for 7/2/10:

Bulls left a "spike low" from Tuesday which is a bullish chart signal.

Notice how I use the open outcry chart to locate gaps, but I do my numbers for the electronic market as always. Open outcry is where I find the major players doing business.               

 In my daily numbers on Thursday; my resistance was .20 from the actual high, my pivot acted as support and was .70 from the actual low. 

 Cattle: Spot on resistance but not helpful support. I want to trade the numbers today without bias.  

 August Cattle (elec.) for 7/1/10:

Cattle: Accurate numbers. Bulls showed their horns and are gaining momentum. Gap below will be key support going forward so I want to buy the pivot today, and if below there when open outcry begins I want to buy support, but I would only risk .40 on the trade idea.

August Cattle (elec.) for 6/30/10:

Cattle: Accurate numbers. I want to sell the resistance and not risk more than .40 on the trade idea.

Results for 6/29/10 were:

Soybeans: My resistance was .04 3/4 from the actual high; my support was .01 1/4 from the actual low.

Corn:    My resistance was .01 3/4 from the actual high; my support was .03 from the actual low. 

Crude Oil: My resistance was .11 from the actual high; my support was .04 from the actual low.

S&P:    My resistance was 3.50 from the actual high; my support was 19.75 from the actual low. 

Gold:     My resistance was 4.20 from the actual high; my support was 2.40 from the actual low. 

Euro:    My resistance was .06 from the actual high; my support was .20 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 9 from the actual low. 

Nat. Gas: My resistance was .064 from the actual high; my support was .067 from the actual low.   

Cattle:  My resistance was .37 from the actual high; my support was .30 from the actual low. 

August Cattle (elec.) for 6/29/10:

Cattle: Accurate numbers. 200 day moving average has been helpful support. I would trade this chart today without bias at this location, with gaps located just above and below the pivot.

August Cattle (elec.) for 6/25/10

Cattle: Spot on support and accurate resistance numbers. I have the same thoughts and numbers as yesterday, and would continue to trade the numbers without bias.

August Cattle (elec.) for 6/24/10

Cattle: Spot on numbers. They did in fact follow through to the downside on Wednesday, but was not able to fill the gap support. Again today I would trade using the numbers without bias, and not risk more than .35 on a trade idea.

August Cattle (elec.) for 6/23/10

Cattle: Spot on resistance and accurate support. Tuesday the market made a new high for the run but closed lower which bodes well for another down day to follow. The difference in this chart for me is that the market closed right above the support, so going lower today will be much harder than if there was no support until much lower price levels. This is what happened on the gold chart on Tuesday. Remember, a chart is a chart and the same lines and rules apply no matter the market the charts are looked at the same. I would trade the numbers without bias if I were to trade today.

Results for 6/22/10 were:

Soybeans: My resistance was .06 from the actual high; my support was .01 1/4 from the actual low.

Corn:    My resistance was .01 3/4 from the actual high; my support was .00 1/4 from the actual low. 

Crude Oil: My resistance was .50 from the actual high; my support was .47 from the actual low.

S&P:    My resistance was 6.00 from the actual high; my support was 1.00 from the actual low. 

Gold:     My resistance was 1.00 from the actual high; my support was 3.00 from the actual low. 

Euro:    My resistance was .02 from the actual high; my support was .07 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 0.5 from the actual low. 

Nat. Gas: My resistance was .006 from the actual high; my support was .021 from the actual low.   

Cattle:  My resistance was .12 from the actual high; my support was .35 from the actual low. 

August Cattle (elec.) for 6/22/10

Cattle: Accurate resistance but the support was not in play with the gap higher open and that was the low of the day. I do not know if we were close enough for you to take the sell (off .37 from the high) but that trade idea did work. Today I would trade the numbers without bias.  

August Cattle (elec.) for 6/21/10

Cattle: Accurate numbers. Indeed the market followed through to the downside, and today it has less of a chance to follow through, but the way they closed I think it has the momentum to do so. I want to take the sell signals today and risk no more than .40 on the trade idea.

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and  Natural Gas and Cattle

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

HowardTyllas A Weekly Newsletter $479.00 Yearly

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

  

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions