Feeder Cattle May 2024 has broken through a line of 240.0000 and suggests a possible movement to 242.4625 within the next 8 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Feeder Cattle May 2024 is currently testing a level of 240.0000. Will the breakout continue or will things reverse?
