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Feeder Cattle SEPTEMBER 2022 – breach of a trending resistance line that has been tested at least twice before.

Feeder Cattle SEPTEMBER 2022 has broken through the resistance line of a Triangle 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 14 days and suggests a possible target level to be around 186.6129 within the next 14 hours.

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We expect USDCHF to trend downwards with a 75% chance.

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