Feeder Cattle
Technicals (August): Feeder cattle were able to rally yesterday, despite the strength we saw in the corn market. This is a silver lining for the Bull camp. Trendline resistance from the February highs has been stout, that comes in near 174. IF the Bulls can chew through this level, we could see a run at the 100-day moving average. Grain markets are firm in the early morning trade, this may act as a headwind on the open.
Resistance: 174.00-174.30***, 176.75-177.075***
Pivot: 171.50-171.75
Support: 170.225**, 165.70-166.15**, 162.80-163.30***
Technicals (August): Feeder cattle were able to rally yesterday, despite the strength we saw in the corn market. This is a silver lining for the Bull camp. Trendline resistance from the February highs has been stout, that comes in near 174. IF the Bulls can chew through this level, we could see a run at the 100-day moving average. Grain markets are firm in the early morning trade, this may act as a headwind on the open.
Resistance: 174.00-174.30***, 176.75-177.075***
Pivot: 171.50-171.75
Support: 170.225**, 165.70-166.15**, 162.80-163.30***
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.