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April hogs closed up $0.92 at $70.37.

April hogs closed higher on Friday and 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 sideways to higher prices are possible near-term. If April renews the rally off November's low, the 87% retracement level of the October-November-decline crossing at 72.12 is the next upside target. Closes below Thursday's low crossing at 67.90 would confirm a short-term top has been posed while opening the door for a test of the reaction low crossing at 66.40. First resistance is the reaction high crossing at 71.12. Second resistance is the 87% retracement level of the October-November-decline crossing at 72.12. First support is Thursday's low crossing at 67.90. Second support is the reaction low crossing at 66.40.

April cattle closed down $0.40 at 129.12.

April cattle closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends this week's decline, January's low crossing at 127.15 is the next downside target. Closes above the 10-day moving average crossing at 132.79 would confirm that a short-term low has been posted. First resistance is last Thursday's high crossing at 136.72. Second resistance is December's high crossing at 138.95. First support is January's low crossing at 127.15. Second support is December's low crossing at 123.05.

March feeder cattle closed down $0.22 at $150.02.

March Feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 154.58 are needed to confirm that a low has been posted. If March resumes this month's decline, December's low crossing at 141.70 is the next downside target. First resistance is the reaction high crossing at 160.70. Second resistance is the 38% retracement level of the April-December-decline crossing at 168.05. First support is Thursday's low crossing at 146.72. Second support is December's low crossing at 141.70.

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