MEATS: 03/26/10 Lower closes yesterday for live and feeder cattle along with pork bellies and lean hogs. Cattle are looking more and more toppy but the up-trend is still intact while 9140 is a key price in the June contract and support is around the 9000 area. The feeders continue hold up better helped by falling corn prices. The next support area, basis the May contract, is around 10750. Hogs fell for the third trading session in a row unable to hold the 8000 area basis the June contract and have now given me a SELL SIGNAL. Bellies followed through lower again but still are in an uptrend overall. BUY SIGNALS FOR LIVE AND FEEDER CATTLE. SELL SIGNAL FOR HOGS. CALL FOR DETAILS!
METALS: 03/26/10 Higher for copper, gold, silver and platinum. Copper is still in a BULL TRIANGLE unable so far to get through a good resistance area but history says it will move higher. Gold should continue to work lower overall while silver needs to close below 1650 basis the May contract to confirm a sell signal. Platinum closed higher but was hurt by Tuesday's close and is now forming a possible top. BUY SIGNALS FOR COPPER AND PLATINUM. SELL SIGNAL FOR GOLD. CALL FOR DETAILS!