S&P 500
2341.59
-2.39 -0.10%
Dow Indu
20550.98
-45.74 -0.22%
Nasdaq
5840.14
+11.40 +0.20%
Crude Oil
48.21
+0.48 +1.00%
Gold
1253.715
-0.310 -0.02%
Euro
1.085850
-0.000425 -0.04%
US Dollar
99.250
+0.025 +0.03%
Strong

Market Commentary and Analysis

Trader's Blog

CVS Health Check - Stock Appears To Be Consolidating

1 hour, 34 minutes ago

Stocks Recover From Early Losses

17 hours ago

Gold & Silver: Gold Was Benched, Silver Is Still In The Game

22 hours ago

Weekly Futures Recap With Mike Seery

1 day ago

Realizing Gains Without Owning Shares Via Leveraging Cash

3 days ago

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

LIVESTOCK

April hogs closed down $1.63 at $65.65.

April hogs closed lower on Monday and below February's low. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends today's decline, the reaction low crossing at 64.48 is the next downside target. Closes above the 50-day moving average crossing at 69.07 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 71.28. Second resistance is February's high crossing at 72.65. First support is today's low crossing at 65.58. Second support is the reaction low crossing at 64.48.

April cattle closed down $1.03 at 121.08.

April cattle closed lower on Monday as it consolidated some of the rally off February's high. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 118.26 would confirm that a short-term top has been posted. If April extends the rally off February's low, weekly resistance crossing at 125.70 is the next upside target. First resistance is last Friday's high crossing at 123.90. Second resistance is weekly resistance crossing at 125.70. First support is the 10-day moving average crossing at 119.88. Second support is the 20-day moving average crossing at 118.26.

May Feeder cattle closed down $2.48 at $131.33.

May Feeder cattle closed lower on Monday as it consolidates some of the rally off February's low. The low-range close sets the stage for a steady to lower opening when Tuesday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 127.35 would confirm that a short-term top has been posted. If May extends this year's rally, weekly resistance crossing at 146.38 is the next upside target. First resistance is last Thursday's high crossing at 136.22. Second resistance is weekly resistance crossing at 146.38. First support is the 10-day moving average crossing at 131.13. Second support is the 20-day moving average crossing at 127.35.

© Copyright INO.com, Inc. All Rights Reserved.