Feeder Cattle May 2024 has broken through the support line of a Rectangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 25 days and suggests a possible target level to be around 252.0834 within the next 2 days.
Support line breached by Feeder Cattle May 2024. This price has been tested at least twice before.
