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Feeder Cattle AUGUST 2022 has broken through support of a Channel Up. It has touched this line at least twice in the last 13 days.

Feeder Cattle AUGUST 2022 has broken through a support line. It has touched this line at least twice in the last 13 days. This breakout may indicate a potential move to 170.0746 within the next 12 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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JPN225 is approaching 27135.0000. We expect either a breakout through this line, or a rebound.

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