What's Up, What's Down: Higher for the Dollar Index, Lower Closes for Crude and Heating Oil...

Thursday July 24, 10:47 am ET By TradingMarkets Research Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (zaner.com) a Chicago-based futures brokerage firm. Email Rick at toll-free (888) 281-4158. Comments for Thursday, July 24 Looking Ahead to Today By Reflecting back at Wednesday?s price action MEATS: Lower for live and feeder cattle along with pork bellies while lower for lean hogs. Cattle made new recent lows before closing higher which is reversal type action. We could have a 2-3 cent rally from today's action but still bearish overall. Cattle need to hold 10750 basis the December contract. Feeders just aren't as strong as they should be dropping back to a support area in the August contract and at the low end of... [read full story]