Looking Ahead to Thursday by reflecting back on Wednesday's trading action
Cattle makes another new contract high; Metals all appear to be back in Uptrends
MEATS: 03/04/10 Higher closes yesterday for live and feeder cattle along with the hogs but lower for pork bellies this time. The cattle and feeders continue moving higher with the feeders making another new CONTRACT HIGH and close. The beef market continues to be be very strong overall with the feeders leading the way it seems no matter which way corn goes. Hogs made a new recent high and close continuing to jooin the rest of the meats in strong uptrends. Bellies settled lower but still are in a good uptrend overall. BUY SIGNALS FOR LIVE AND FEEDER CATTLE, HOGS AND PORK BELLIES. CALL FOR DETAILS!
METALS: 03/04/10 Higher for copper, gold, silver and platinum. All of the metals are now back in uptrends making their highest highs and closes in over a month while also in resistance areas at this time. Gold, technically, along with platinum are the best buys at this time. A close over 1150 for April gold and 1750 for May silver will help to confirm their uptrends. Also, copper is very close to breaking out of its present resistance area.