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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 9/27/10

Sep 27, 2010

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This report was sent to subscribers on 9/25/10 11:30 p.m. Chicago time to be used for trading on 9/27/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle (elec.)

After the close recap on 9/27/10: My resistance was 99.55, .05 from the actual high, and my pivot acted as support and was 98.10, .07 from the actual low.

All Results for 9/27/10 were:

Soybeans: My resistance was .03 from the actual high; my support was .06 ¼ from the actual low.

Corn:    My resistance was .05 from the actual high; my support was .01 3/4 from the actual low. 

Crude Oil: My resistance was .22 from the actual high; my support was .19 from the actual low.

Nat Gas: My resistance was .030 from the actual high; my support was .005 from the actual low.

S&P:    My resistance was 5.25 from the actual high; my support was 8.75 from the actual low. 

Gold:     My resistance was $0.30 from the actual high; my support was $5.80 from the actual low. 

Euro:    My resistance was .11 from the actual high; my support was .22 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 5 from the actual low. 

Cattle:  My resistance was .05 from the actual high; my support was .07 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?

All charts and numbers for 9/28/10 have already been sent to subscribers. 

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  99.55

  99.10

------------98.10       Pivot

  97.10                   

  96.45    

    Use the same numbers as used on 9/ 23 & 24 /10   

Trend                                        

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

Daily chart   ......   Up                  

Weekly chart .......Up                

Monthly chart....    Up      94.60 is the 200 day MA         

ATR 1.35                           Extremely Oversold  6%

 

cat 9 27 10

 

I still say "Uptrend line is resistance now, 98.10 is pivotal, 97.10 supports". 

December Cattle (elec.) for 9/27/10:

 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".

In my daily cattle numbers on Friday; my resistance was .07 from the actual high, my pivot acted as support and was .05 from the actual low.  

Cattle: Spot on numbers! When my support and resistance are off by only 2 or 3 ticks from the low and high of the day, trading with stops risking .35 works well. I have the same numbers as I have used the last 2 days, and have the same thoughts. This is a bull chart that is breaking down badly and is looking for real support now.

 December Cattle (elec.) for 9/24/10:

Cattle: Spot on resistance and accurate support. Spike top signal on Monday has banked over 3.50 and you can chalk this up to one that worked. Does not matter if next time you are stopped out, if it works 1/2 the time like this it is a casino owner's money maker in the long run. This has nothing to do with cattle, but rather the chart formation and does not matter the name on the chart.  

December Cattle (elec.) for 9/23/10:

Cattle: Spot on numbers! My idea to take the sell signals was a good one. Now that we went to the support in my numbers and chart comments, I want to trade without bias today and risk .35 on any trade idea.

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

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.

December Cattle (elec.) for 9/21/10:

Cattle: Accurate support and helpful resistance at best. Bull chart with a bearish chart signal on Monday. Bull chart is strong but at longer term resistance. I can only take the sell signal today and would risk .40 using a buy stop to protect. 

December Cattle (elec.) for 9/20/10:

Cattle: Helpful numbers. Bull chart with resistances from the weekly and monthly chart compared to the uptrend line support. I can only trade this bull market without bias using the numbers to day trade with. I want to risk .35 on any 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, Nat 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.

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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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