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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.

December Cattle Daily Numbers & Trade Ideas for 11/11/09

Nov 11, 2009



This report was sent to subscribers on 11/10/09 6:00 p.m. Chicago time to be used for trading on 11/11/09. Everything is done by Howard Tyllas, no program or black box.

December Cattle (electronic)

After the close on 11/11/09: My support was 83.40, just 0.05 from the actual low, and my pivot acted as resistance and was 84.75, just 0.10 from the actual high.

Ask yourself, how well would I have traded this market if I had these numbers last night? Subscribe now! See for yourself why this the second year of service has almost tripled my subscriber base, nearly doubling in the last 6 months.

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86.35 FG                           

85.42            

--------------84.75      Pivot

84.07 FG                                      

83.40                         2009 Low

 

      

Trend                         88.42 is the 200 day MA

5 day chart....….….  Down                          

Daily chart   ……….Down        

Weekly chart …….. Sideways   

Monthly chart …...  Sideways

ATR .92                  Extremely Oversold 6%  

December Cattle Chart


December Cattle (elec) for 11/11/09: 

I said for weeks "The gap at 88.47 will be major resistance when coupled with the 200 day moving average at 88.57".

I still say "Downtrend line near 86.60 (now 85.60) is resistance, the gap at 84.07 supports". Notice how this was perfect resistance last Wednesday.

  In my daily numbers on Tuesday; my pivot acted as resistance and was $0.20 from the actual high, it also acted as support and was $0.50 from the actual low. This tells me that the market is looking for further direction.

Cattle: I covered my spreads for a healthy profit on both the shorts that I spread off buying the J, and making 1.35 on each. Support will be found at the $84.07 gap I have projected for quite awhile, and if it closes below there the market could be in for more trouble. 

Want to know what I think for tomorrow?   

 The 9 markets now covered daily are November soybeans, December corn, December crude oil, December S&P, December Euro FX, December 30 yr TBond, December gold, December natural gas, and December 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.

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

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

 

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390



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.

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