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Buxton ND | LEZ started rallying about 45 minutes AFTER the close or 1pm settlement. The price at 1pm is what you see on a daily chart as THE close. Yesterday LEZ closed/settled @ 140.60 the last trade was 142.05 that last trade WAS a KR = Key Reversal***** Now if you look at a daily chart is IS NOT a KR. To see this you must use a 2 day intraday chart. This whole thing got started with the later day strong cut-outs up alittle over a buck.
Late day trade was some spikes up and down in both price and volume, I've learned that's the HFT (IMO) having their late afternoon fun in what is normally a quiet time of day. Some will complain about the HFT here, maybe one wants to hedge some cattle why not put in an order @ 145-146ish and let these HFT WORK FOR YOU.
As of right now cattle read strong to my eyes, but how much of my read of the futures side is driven by HFT ? ? ?
The soybean market was up 20 some cents on Oct. 13th,,, my read was WRONG because of those HFT................ | |
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late session trading
