Prices are trying to stabilize but the overall downtrend remains intact. Weekly RSI continues to diverge suggesting a seasonal low is trying to take root, however, the weekly MACD 55/89 remains negative and as such there is still room for further downside. The COT report, as off April 12th, has managed money reducing its net…

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The Feeder steer index is still holding all down trends. Remember, the seasonal move for the index is to move higher from now into June. If the long-term trend is taken out, roll out of short futures and into long puts or roll out of short futures and use sell stops. Feedlots should use long…

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