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April hogs closed up $0.95 at $70.78.

April hogs closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 69.84 would confirm that a short-term top has been posted. If April resumes the rally off October's low, weekly resistance crossing at 72.88 is the next upside target. First resistance is last Wednesday's high crossing at 72.65. Second resistance is weekly resistance crossing at 72.88. First support is the 20-day moving average crossing at 69.84. Second support is the 50-day moving average crossing at 68.60.

April cattle closed up $1.68 at 114.93.

April cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 115.39 are needed to confirm that a short-term top has been posted. If April resumes the decline off January's high, the 38% retracement level of the October-January-rally crossing at 111.48 is the next downside target. First resistance is the 20-day moving average crossing at 115.39. Second resistance is January's high crossing at 121.45. First support is the 38% retracement level of the October-January-rally crossing at 111.48. Second support is the 50% retracement level of the October-January-rally crossing at 108.74.

March Feeder cattle closed up $0.25 at $124.08.

March Feeder cattle closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 50-day moving average crossing at 125.77 are needed to confirm that a short-term low has been posted. If March resumes the decline off January's high, the 62% retracement level of the October-January-rally crossing at 117.75 is the next downside target. First resistance is the 50-day moving average crossing at 125.77. Second resistance is January's high crossing at 131.75. First support is the 50% retracement level of the October-January-rally crossing at 120.45. Second support is the 62% retracement level of the October-January-rally crossing at 117.75.

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