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A final push possible on Live Cattle FEBRUARY 2022 as it starts approaching a price line of 137.2750.

Live Cattle FEBRUARY 2022 is heading towards 137.2750 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect a 0 pip movement on NE within 48 hours following the event release.

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We expect PL to trend downwards today with a 83.33% chance.

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