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 8/28/15

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

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 slow moving average slope is up from previous bar, price goes above the fast moving average, price goes above the slow moving average.

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

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Bollinger Bands Indicator:

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

Additional Analysis: Volatility appears to be declining, as evidenced by a decreasing distance between the upper and lower bands over the last few bars. The market is in oversold territory. And, the market just signaled a 9 bar bullish key reversal adding to the chance for a rise here.

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

Momentum Indicator:

Conventional Interpretation: Momentum (-5.37) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here. A bullish key reversal off a 9 bar new low here confirms this outlook.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-3.54) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here. A bullish key reversal off a 9 bar new low here confirms this outlook.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-115.75) recently crossed below the sell line into bearish territory, and is currently short. This short position should be covered when the CCI crosses back into 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 (-115.75) is currently short. The current short position will be reversed when the CCI crosses above zero. The market just signaled a bullish key reversal off a 9 bar new low, suggesting closing any shorts here.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 42.63). 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 oversold (RSI is at 42.63), suggesting a possible rally. Supporting this outlook, the bullish key reversal off a 9 bar new low here suggests an upturn in the market.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is DOWN. A bullish key reversal off a 5 bar new low here suggests an upmove.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal.

Additional Analysis: The long term trend is DOWN. The short term trend looks a little bottomy. A possible short term up move may occur. A good downward move is possible without SlowK being oversold. However, an upmove in SlowK for this bar is a little concerning short term.

Stochastic - Slow Indicator:

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

Additional Analysis: The long term trend is DOWN. A good downward move is possible without SlowK being oversold. However, an upmove in SlowK for this bar is a little concerning short term.

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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