We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. Open an account from anywhere not mentionedįutures trading involves substantial risk of loss and may not be suitable for all investors. Click here to get our (FULL) daily reports emailed to you!Ĭlick here to get our daily reports emailed to you!ĭon't have a trading account with Blue Line Futures? As mentioned, multiple times last week, the deferred contracts have looked better on the technical front, but a potential double top in June futures is a caution flag for the Bull camp. A break and close below this pocket could spur additional selling pressure. Support for April futures comes in from 97.375-98.475. For the week, April futures were down 3.325, June futures were down 2.10. Technicals (April): April lean hogs had a rough back half of the week, posting their lowest close since February 3rd. Want to learn more about Seasonal Trends? Email of Traders: Friday’s CoT report showed funds were net sellers of 2,674 futures/options contracts, shrinking their net long position to 63,345 futures/options. Next Seasonal Spread Start Date: March 30th Next Seasonal Trend Start Date: April 23rd Click here to get our (FULL) daily reports emailed to you! If the Bulls can achieve consecutive closes above this pocket, we could see the rally continue, with the next objective being. Higher lows are marked on the chart (for now), the Bulls are looking to post higher highs, that would be a move out above 164.075-164.775. Techncials (April): April feeder cattle futures were able to gain some ground back on Friday, finishing the week 4.35 higher. This puts their net short position at 3,065. Want to learn more about Seasonal Trends? Email of Traders: Friday’s CoT report showed funds were net buyers of 1,067 futures/options contracts. If the Bulls can chew through and achieve consecutive closes above this pocket, we could see an extension towards. Our pivot pocket remains intact, that comes in from 140.90-141.475. For the week ending March 18th, April futures were up 3.20 and June was up 4.125. Technicals (April): April live cattle futures were able to finish the week on a strong note, erasing most of the losses from Wednesday's session. This puts their net long position at 40,144 futures/options (a relatively neutral position). Want to learn more about Seasonal Trends? Email of Traders: Friday’s CoT report showed funds were net buyers of 1,593 futures/options contracts.
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