August live cattle moved higher Friday. Bear Bat predicted. Next upside target for the bulls is S2 at 108.100. Live cattle likes to double tops so we might see a run up to 115.575. With barbecue season here, this market should have a tendency to move higher, so how much of a decline we will see is unknown at this time.
Note
Live Cattle turning back down. We have a three drives scenario.Note
Cattle showing signs of a possible further move up. Needs to break and stay above 106.550Note
Live Cattle has produced a bull flag. Next upside target for bulls is crossing R2 at 108.100
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.