April live cattle closed up $1.37 at $92.15 yesterday. Prices closed near the session high yesterday and hit another fresh eight-month high. The key "outside markets"
were in a fully bullish posture for cattle yesterday, as the U.S. dollar index was lower, while gold, crude oil and the U.S. stock indexes were solidly higher. The bulls have the solid near-term technical advantage. Prices are in a nine-week-old uptrend on the daily bar chart. Bulls' next upside price objective is to push and close prices above solid technical resistance at $93.00. The next downside technical objective for the bears is pushing and closing prices below solid technical support at $90.70. First resistance is seen at yesterday's high of $92.22 and then at $92.50. First support is seen at $91.85 and then at $91.50.

Wyckoff's Market Rating: 7.5.

Source: VantagePoint Intermarket Analysis Software

Call now and you will be provided with FREE recent forecasts
that are up to 86% accurate * 800-732-5407
If you would rather have the recent forecasts sent to you, please go here

March feeder cattle closed up $1.37 at $101.12 yesterday. Prices closed nearer the session high yesterday and hit another fresh five-month high. Bulls have solid upside near-term technical momentum. Prices are in a nine-week-old uptrend on the daily bar chart. The next upside price objective for the feeder bulls is to push and close prices above solid technical resistance at the contract high of $102.50. The next downside price objective for the bears is to push and close prices below solid technical support at $99.00. First resistance is seen at yesterday's high of $101.30 and then at $101.50. First support is seen at yesterday's low of $100.65 and then at $100.00.

Wyckoff's Market Rating: 7.5

April lean hogs closed up $0.07 at $68.27 yesterday. Prices closed nearer the session low yesterday. Bulls are regaining some fresh upside technical momentum but have more work to do in the near term to suggest an uptrend can be sustained. The key "outside markets" were in a fully bullish posture for hogs yesterday, as the U.S. dollar index was lower, while gold, crude oil and the U.S. stock indexes were solidly higher. Yet, hogs could only manage slight gains yesterday, which is worrisome to the bulls. The next upside price objective for the bulls is to push and close prices above solid chart resistance at last week's high of $69.45. The next downside price objective for the bears is pushing and closing prices below solid technical support at the February low of $65.65. First resistance
is seen at $68.50 and then at $69.00. First support is seen at yesterday's low of $67.90 and then at $67.50.

Wyckoff's Market Rating: 5.0

March pork bellies closed down $0.40 at $83.60 yesterday. Prices closed near mid-range yesterday . Bulls and bears are on a level near-term technical playing field in choppy trading. The next upside price objective for the bulls is pushing and closing prices above solid technical resistance at last week's high of $86.80. The next downside price objective for the bears is pushing and closing prices below solid technical support at $81.00. First resistance is seen at yesterday's high of $84.10 and then at $85.00. First support is seen at yesterday's low of $82.80 and then at $82.50.

Wyckoff's Market Rating: 5.0