Weekly Cont. Cattle: So far the Parallel uptrend line based off the 2019 low has proved to be a strong action/reaction line. Currently working as a magnet with last week’s close right on it.
**Cycle high/low targeted the week of 3/29 and appears to have done the job. Next cycle date will target the week of (or around) 8/02 to place a swing high or low….Using the parallel lines would have support at that time in the 116 to 112 area, and have upside potential around 136. Any of the lines on the chart could act as support/resistance (or action/reaction lines)
**Cycle high/low targeted the week of 3/29 and appears to have done the job. Next cycle date will target the week of (or around) 8/02 to place a swing high or low….Using the parallel lines would have support at that time in the 116 to 112 area, and have upside potential around 136. Any of the lines on the chart could act as support/resistance (or action/reaction lines)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.