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***
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.