Support and Resistance Trading Forum

October Cattle 'n' December Corn
By:Erich
Date: 9/2/2010, 1:57 am

Funny how we seem to get the best signals as we get closer to a long weekend...

For Thursday I'm considering a short term buy in October Live Cattle. The market made a "classic" move showing us support on Wednesday and I think that could result in a rally for Thursday.

Corn, on the other hand, will probably wait one more day before bouncing off the 450 resistance zone (December)... just to tempt me into taking a contract before Labour Day. I don't usually bite, but we'll see how much money she'll be asking of me.

Erich

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