August Cattle (elec.)

After the close recap on 7/12/10: My pivot acted as resistance and was 90.47, just .02 from the actual high, and my support and was 89.80 FG, just 0.05 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.

August Cattle (elec.) Daily Numbers & Trade Ideas for 7/12/10

Jul 12, 2010


This report was sent to subscribers on 7/10/10 11:00 p.m. Chicago time to be used for trading on 7/12/10. Everything is done by Howard Tyllas, no program or black box.

August Cattle (elec.)

After the close recap on 7/12/10: My pivot acted as resistance and was 90.47, just .02 from the actual high, and my support and was 89.80 FG, just 0.05 from the actual low

Results for 7/12/10 were:

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

Corn:    My resistance was .00 3/4 from the actual high; my support was .02 1/2 from the actual low. 

Crude Oil: My resistance was .18 from the actual high; my support was .12 from the actual low.

S&P:    My resistance was 2.25 from the actual high; my support was 2.25 from the actual low. 

Gold:     My resistance was 1.60 from the actual high; my support was 5.80 from the actual low. 

Euro:    My resistance was .01 from the actual high; my support was .02 from the actual low. 

Bonds: My resistance was 15 from the actual high; my support was 10 from the actual low. 

Nat. Gas: My resistance was .024 from the actual high; my support was .013 from the actual low.   

Cattle:  My resistance was .02 from the actual high; my support was .05 from the actual low. 

Subscribe now! See for yourself why the second year of service had quadrupled my subscriber base. 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? 

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91.52 FG                         

91.17                         

--------------90.47       Pivot 

89.80 FG                           

89.47 FG                           

 

Trend                       88.55  is the 200 day MA    

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

Daily chart   ……   Sideways                 

Weekly chart …….Up                     ATR 1.12

Monthly chart....    Sideways          Overbought 69%



August Cattle (elec.) for 7/12/10:

I said "Gap from Tuesday at 88.75 should hold or the bulls will be on shaky ground".  

 I said "Notice how the top channel line acted as perfect resistance on Thursday maintaining the channel".

In my daily numbers on Friday; my resistance was .35 from the actual high, my support was .30 from the actual low.    

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.

Cattle: Accurate numbers. In the middle of the channel again and that gives me no bias. Gaps just below and the top channel line rejecting further advance just above, leads me to day trade using the numbers only and not risk more than .40 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, 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.

 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.

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

www.farmerhedge.com 

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           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.

 

 

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