Feeder Cattle MAY 2020 is moving towards a line of 124.5000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Feeder Cattle MAY 2020 continues in its current trajectory, we can expect it to reach 124.5000 within the next 10 hours.
Important price line being approached by Feeder Cattle MAY 2020. This price has been tested numerous times before.
