Wyckoff's Weekly Grain Outlook: No Major Surprise in Cattle Feed Report

ANALYSIS - Friday's Cattle on Feed report was treated as neutral by traders which means a lot of traders are now looking ahead to the week's close.
calendar icon 20 May 2014
clock icon 1 minute read
Jim Wyckoff Commentary -  TheCropSite

Down trending prices could be a technical clue of a market top, but TheCattleSite analyst Jim Wyckoff says this may be confirmed by price results on Friday.

If Friday closes with higher bids, this could be a sign that bulls are reinvigorated to press for higher values. In contrast, low prices could confirm a top. 

TheCattleSite News Desk

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any traders and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 1. Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.