Corn, Wheat & Live Cattle Trading Analysis | Tech Talk | Oliver Sloup | Blue Line Futures | 06.01.22

Posted: June 1, 2022, 3:14 p.m.


July 22' Corn Futures: Trend line support gave way, bringing in long liquidation to into our support pocket as laid out on our Grain Express. (https://www.bluelinefutures.com/research/post/912/) The 100DMA is at 712, with the RSI beginning to reach oversold levels. Is this the end of "buying the dip?"

December 22' Corn Futures: Broke through the psychological 700'0 level. These levels must hold for the Bulls to remain in the game.

July 22' Wheat Futures: Wheat is also at pivotable levels, with the volatility becoming a little much for many of our clients. We are early May lows, with the next stop at the ~950'0 level. August Live Cattle: Relief rally or dead cat bounce? The lows going back to Aug 21' held, but again, this is a pivotable level.

August 22' Live Cattle Futures: Relief rally or dead cat bounce? The lows going back to Aug 21' held, but again, this is a pivotable level.



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Livestock Corn Wheat LiveCattle

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