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

US30 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 6 days and may test it again within the next 18 hours.

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

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We expect 6S to trend upwards today with a 66.67% chance.

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