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Feeder Cattle JANUARY 2023 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 15 days.

Feeder Cattle JANUARY 2023 has broken through a support line. It has touched this line at least twice in the last 15 days. This breakout may indicate a potential move to 179.8875 within the next 14 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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