June Live Cattle was a disappointment with only a little gain off the bullish flag. Now in overbought territory, we may see a fail here and lower prices. If bulls can push higher we may see 109.65 as next target for bulls. With a higher high and not a doji, it might be a little at a time for the upside
Note
Live Cattle moved higher Wednesday. Looking for further upside to 110 which will bring it ever closer to the Butterfly.Note
Live Cattle made a little more advance on Thursday. This market is running out of power. Still trying to make its way to the Butterfly completion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.