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After testing 172.3250 numerous times, Live Cattle February 2024 is once again approaching this price point. Can we expect a bullish trend to follow?

Live Cattle February 2024 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 8 hours.

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