February Cattle

After the close on 12/15/09: My resistance  was 10.80, just .01 1/2 from the actual high, and my pivot acted as support and was 10.49, .03 1/2 from the actual low.

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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.

February Cattle Daily Numbers & Trade Ideas for 12/15/09

Dec 15, 2009


This report was sent to subscribers on 12/14/09 6:00 p.m. Chicago time to be used for trading on 12/15/09. Everything is done by Howard Tyllas, no program or black box.

February Cattle

After the close on 12/15/09: My resistance  was 10.80, just .01 1/2 from the actual high, and my pivot acted as support and was 10.49, .03 1/2 from the actual low.

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85.27                        

--------------84.27 FG     Pivot

83.27 FG

82.17 FG

 

       

Trend                         88.52 is the 200 day MA

5 day chart....….       Up from last week same day                                                          

Daily chart   ……….Down        

Weekly chart …….. Sideways 

Monthly chart …...  Sideways

ATR .82                    Overbought 85%  


February Cattle (elec.) for 12/15/09: 

Major resistance is the steep downtrend line near 84.70, and then the gap at 85.25. Support is the gaps at 83.27 and at 82.17.

  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 Monday; my resistance was .20 from the actual high, my pivot acted as support and was .32 from the actual low

Cattle: Accurate numbers. Bulls are trying to get above the gap resistance. I would still sell against the gap but would use a buy stop just above. I would try and sell against the resistance if stopped out. Bulls need the market to close above the long term downtrend line to have a chance to get above the October highs and regain control of the market.

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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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