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Live Cattle Futures
Short

Beef Is Looking Toppy...

By BSW01247
Rising wedge. 60% of these break down. Confluently, the monthly stochastic RSI is topping and the monthly RSI is screaming overbought. I expect a possible and highly probable drawdown of 7-13% over the next 6-9 months. Nothing is for certain, however, so please exercise sound risk management.
Chart PatternsTechnical IndicatorsTrend Analysis
BSW01247

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