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Livestock Futures Trade Near Highest Levels in Months

Livestock Round Up

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Livestock futures have had an impressive rally over the last several months, how much higher can they go?

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Live Cattle (December)

December live cattle futures pulled back on Friday which has brought the RSI back below what is considered to be overbought. If the Bulls can get out above last week’s highs from 188.475-188.55 it could lead to a retest of the July highs from 189.47-190.07. On the flipside, a failure to hold our pivot pocket in the first half of this week’s trade could drop us back into support from 184.22-184.55. Friday’s Commitment of Traders report showed funds were net buyers of another 10k contracts (through October 8th), growing their net long position to nearly 78k contracts, the largest since the end of July. This is starting to get a little “frothy” but still below record levels.

Resistance: 189.47-190.075, 191.47-191.62
Pivot: 187.675-188.00
Support: 184.225-184.55
*, 181.325-182.07


Lean Hogs (December)
December lean hogs have exceeded our expectations to the upside over the last week as prices flirt with significant resistance. If the Bulls can keep the momentum going this week a run back to the contract highs would not be out of the question. With that said, a break and close back below our pivot pocket from 75.25-76.00 could trigger a round of long liquidation from Funds who have grown their net long position to about 78k contracts, the largest since April.

Resistance: 77.22-77.72, 78.70-78.97*
Pivot: 75.25-76.00
Support: 73.85-74.07, 72.00-72.85,


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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. 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.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy, and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third-party application. Blue Line Futures employees use only firm-authorized email addresses and phone numbers. If you are contacted by any person and want to confirm your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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