GFH9: -.10 at 145.325, trading in a range of 1.075
Cattle Commentary: Cattle futures rallied in the final minutes which helped ease the pressure in today’s relatively “mute” session. With little changed on the fundamental landscape over the last 48 hours, we continue to believe the technicals are the driver in the near term (see our full technical analysis below). Cash trade has yet to develop this week, the line in the sand to start the week comes in near 115. Tomorrow’s Fed Cattle Exchange has 310 head offered. In case you have been living on a different planet for the past week and don’t know, there is an election today. We would not be surprised to see some volatility seep into the market over the next 24 hours, but we will likely be looking to fade that as we don’t see it having much weight on things in the intermediate term.
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.