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Feb Live Cattle Dug itself out of a hole

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Live Cattle Futures (Feb 2017) (CME:LEG2017)  
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CME:LEG2017   Live Cattle Futures (Feb 2017)
livecattle Elliott Wave Cypher Butterfly
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livecattle elliottwaves cypherpattern butterflypattern
Feb Live Cattle was a disappointment this morning as corn rose, but rallied back to produce a higher price. Look for progression Wednesday. Corn prices surged as sales in corn are up 39% over USDA projection. Cattle market could turn into chop if corn continues higher. Elliot Wave is still intact, but chop could weaken it substantially. Looking for Cattle to continue up and reach top of Cypher and possible continuation to Butterfly.

Idea Berkaitan

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Live Cattle Break Upwards
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Feb Live Cattle hits Elliot Wave Position 4
Penafian

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