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Live Cattle OCTOBER 2020 is quickly approaching 109.5250. We expect either a breakout through this line, or a rebound.

Live Cattle OCTOBER 2020 is heading towards a line of 109.5250. If this movement continues, we expect the price of Live Cattle OCTOBER 2020 to test 109.5250 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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After testing 163.38 numerous times, 3m Co. is once again approaching this price point. Can we expect a bearish trend to follow?

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US30 – approaching a price line that has been previously tested numerous times in the past

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