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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.

June Cattle Daily Numbers & Trade Ideas for 4/28/10

May 03, 2010



This report was sent to subscribers on 4/27/10 6:00 p.m. Chicago time to be used for trading on 4/28/10. Everything is done by Howard Tyllas, no program or black box.

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?  

June Cattle  

After the close on 4/28/10: My resistance was 94.00, just .10 from the actual high, and my support was 92.75, just .20 from the actual low.

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96.30                        Double Top

95.25    

--------------94.00     Pivot 

92.75                       

91.57 FG                       

      

      

Trend                         

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

Daily chart   ……   Up             

Weekly chart ……. Up        

Monthly chart …... Up     88.00  is the 200 day MA

ATR 1.25                 Oversold 34%    



June Cattle (elec.) for 4/28/10: 

I said "Top channel line doing its job for now acting as resistance". Bears target bottom channel line; bulls will try and test the top channel line once again".   

"Notice how the top uptrend channel line provided perfect resistance on (last) Monday" Notice this again on Wednesday. This is not coincidence.

Tuesday provided all of the above! Double top now at $96.30. Top channel line once again did its job, as well as the bottom channel line support.

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 Tuesday; my resistance was .10 from the actual high, my support was 1.42 from the actual low.       

Cattle: Spot on resistance but the market dropped way below my support. Notice how the 96.30 high was now reinforced by the top channel line which also acts as resistance. The failure to even jab above the old high coming so close to at least seeing if there were buy stops just above, proves the market rally was done. My numbers provided a good sell almost at the high, but the buy stop I always use just above to protect losses was never threatened. I would have covered at the first support, but bears could have easily kept and bought the uptrend line. Tuesday low supports near the uptrend line and I would use my numbers without bias to take my cues today. Bulls stay in command above the red bracket line.

June Cattle (elec.) for 4/27/10: 

Cattle: Accurate numbers. I think the same as yesterday when I said "Bullish chart continues to be rejected at the top channel line. I would trade using my numbers without bias today".

June Cattle (elec.) for 4/26/10: 

Cattle: Exact low and helpful resistance. Bullish chart continues to be rejected at the top channel line. I would trade using my numbers without bias today.

Results for 4/23/10 were:

Soybeans: My resistance was .01 1/2 from the actual high; my support was .05 1//2 from actual low.

Corn:         My resistance was .01 1/2 from the actual high; my support was .03 1/4 from the actual low. 

Crude Oil: My resistance was 0.52 from the actual high; my support was the Exact actual low.

S&P:    My resistance was 3.25 from the actual high; my support was 2.50 from the actual low. 

Gold:     My resistance was 4.90 from the actual high; my support was 3.20 from the actual low. 

Euro:    My resistance was .32 from the actual high; my support was .08 from the actual low. 

Bonds: My resistance was 14 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .049 from the actual high; my support was .033 from the actual low.   

Cattle:  My resistance was .32 actual high; my support was the Exact actual low. 

Cattle: Helpful numbers. Same numbers and same thoughts as yesterday.

June Cattle (elec.) for 4/23/10: 

Cattle: Helpful numbers. Same numbers and same thoughts as yesterday.

June Cattle (elec.) for 4/22/10: 

Cattle: Helpful numbers at best. Bull chart has never quit except when it gets to the top channel line. I expect that to continue. If they do make a new high for the year, that top channel line becomes support. Chart resistance above 96.30 is out of range and is the gap on the weekly chart at 100.95.

Results for 4/22/10 were:

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

Corn:         My resistance was .01 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was 0.27 from the actual high; my support was 0.32 from the actual low.

S&P:    My resistance was 2.50 from the actual high; my support was 2.50 from the actual low. 

Gold:     My resistance was 1.00 from the actual high; my support was 2.00 from the actual low. 

Euro:    My resistance was .10 from the actual high; my support was .07 from the actual low. 

Bonds: My resistance was 7 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .066 from the actual high; my support was .051 from the actual low.   

Cattle:  My resistance was .37 actual high; my support was .25 from the actual low. 

Results for 4/22/10 were:

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

Corn:         My resistance was .01 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was 0.27 from the actual high; my support was 0.32 from the actual low.

S&P:    My resistance was 2.50 from the actual high; my support was 2.50 from the actual low. 

Gold:     My resistance was 1.00 from the actual high; my support was 2.00 from the actual low. 

Euro:    My resistance was .10 from the actual high; my support was .07 from the actual low. 

Bonds: My resistance was 7 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .066 from the actual high; my support was .051 from the actual low. 

June Cattle (elec.) for 4/21/10:

  Cattle: Spot on numbers! I would trade the numbers without bias again today. Same thoughts, same numbers.

Results for 4/20/10 were:

Soybeans: My resistance was .02 1/4 from the actual high; my support was .03 from actual low.

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

Crude Oil: My resistance was 0.05 from the actual high; my support was 0.09 from the actual low.

S&P:    My resistance was 1.50 from the actual high; my support was 2.50 from the actual low. 

Gold:     My resistance was 7.00 from the actual high; my support was 5.80 from the actual low. 

Euro:    My resistance was .25 from the actual high; my support was .12 from the actual low. 

Bonds: My resistance was 12 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .025 from the actual high; my support was .020 from the actual low.   

Cattle:  My resistance was .07 actual high; my support was .02 from the actual low. 

Subscribers of 6 months or longer have seen this 3rd time at the down or uptrend line works a high % of time, and the risks are minimal when it does not hold, and rewards you nicely when right. No matter what market you trade, learn this tool that I have relied on for decades, and my instilling courage to believe in this in you that took me so long to truly believe in. I take these trades every time when possible, and in the long run in my years it has truly been a casino bet for me and not a player, and are the ones most worth taking. See for yourself and if you see this pattern works, start to incorporate it in how you use it to trade with. 

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.

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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            

  



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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