Live Cattle Weekly Commodity Futures Price Chart : CME

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Weekly Commodity Futures Price Chart

Live Cattle (CME)

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Contract Specifications:LC,CME
Trading Unit: 40,000 pounds
Tick Size: 1 point = .01 cents per pound = $4.00
Quoted Units: US $ per pound
Initial Margin: $1,080   Maint Margin: $800
Contract Months: Feb, Apr, Jun, Aug, Oct, Dec
First Notice Day: First Monday of contract month.
Last Trading Day: Last business day of the month.
Trading Hours: 9:05 a.m. - 1:00 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at 12:00 p.m. on the last trading day.
Daily Limit: $.015/lb

Analysis

Fri 4/24/15

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: CAUTION: The market trend has changed direction. Now the trend is UP!

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the fast moving average slope is up from the previous bar.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. WARNING: Market momentum slowed down on this bar. This is indicated by the fact that the difference between the two moving aveage lines is smaller on this bar than on the previous bar. Its possible that we may see a market pullback.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market appears overbought, but may continue to become more overbought before reversing. Look for some price weakness before taking any bearish positions based on this indicator.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (1.18) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is in bullish territory.upside move is likely.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (0.73) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is in bullish territory.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (12.54) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (12.54) is currently long. The current long position position will be reversed when the CCI crosses below zero.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 53.26). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 53.26). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

MACD Indicator:

Conventional Interpretation: MACD has issued a bullish signal. A bullish signal is generated when the FastMA crosses above the SlowMA, as it has here.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD has issued a bullish signal, since the FastMA has just crossed above the SlowMA. With the current trend to the upside, this suggests prices will continue to rise for a time.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending lower. In general this is bearish.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal. The stochastic is in overbought territory (SlowK is at 80.48); this indicates a possible market drop is coming.

Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

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