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April hogs closed up $0.15 at $61.12.

April hogs closed higher on Friday as it extended Thursday's rally. The mid-range close sets the stage for a steady opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 62.79 are needed to confirm that a short-term low has been posted. If April resumes this winter's decline, weekly support crossing at 55.17 is the next downside target. First resistance is Thursday's high crossing at 61.55. Second resistance is the 20-day moving average crossing at 62.79. First support is last Friday's low crossing at 57.90. Second support is monthly support crossing at 55.17.

April cattle closed up $0.95 at 162.62.

April cattle closed higher on Friday as it extends the rally off February's low. The high-close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off February's low, the 75% retracement level of the November-February-decline crossing at 164.69 is the next upside target. Closes below the 20-day moving average crossing at 156.49 would confirm that a short-term top has been posted. First resistance is today's high crossing at 162.70. Second resistance is the 75% retracement level of the November-February-decline crossing at 164.69. First support is the 10-day moving average crossing at 158.90. Second support is the 20-day moving average crossing at 156.49.

April feeder cattle closed up $2.05 at $219.27.

April Feeder cattle closed higher on Friday as it extends the rally off February's low. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If April extends the rally off February's low, the 62% retracement level of the October-February-decline crossing at 220.81 is the next upside target. Closes below the 20-day moving average crossing at 211.74 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 219.50. Second resistance is the 62% retracement level of the October-February-decline crossing at 220.81. First support is the 10-day moving average crossing at 215.84. Second support is the 20-day moving average crossing at 211.74.

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