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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 (elec) Daily Numbers & Trade Ideas for 9/22/10

Sep 22, 2010

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This report was sent to subscribers on 9/21/10 6:40 p.m. Chicago time to be used for trading on 9/22/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle (elec.)

After the close recap on 9/22/10: My pivot acted as resistance and was 99.87, .12 from the actual high, and my support was 98.20 FG, just .10 from the actual low

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101.10                          Resistance

------------99.87        Pivot & Key Uptrend Line Support 

  98.65                   

  98.20 FG                    Support

         

Trend                                        

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

Daily chart   ......   Up                  

Weekly chart .......Up                

Monthly chart....    Up      94.50 is the 200 day MA         

ATR 1.27                           Extremely Oversold  5%

cat 9 22 10

Uptrend line is pivotal now, 101.10 resists, and 98.00 supports. 

December Cattle (elec.) for 9/22/10:

 I said ""Spike Top" was posted on Friday because of the Monday price action that opened lower than Thursday's close. Bearish action should bode well for further corrective action, but as long as the uptrend line holds, the bull chart is intact".

In my daily cattle numbers on Tuesday; my pivot acted as resistance and was .25 from the actual high, my support was .27 from the actual low (but only .07 in open outcry).  

Cattle: Spot on numbers. Trade idea to take the sell signals only was a good one, and I want to do the same today risking .40 on the idea using a buy stop to protect.

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

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, 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.

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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.

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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            

 BT 

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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