Feeder Cattle JANUARY 2022 has broken through support of a Channel Up. It has touched this line at least twice in the last 33 days.

Feeder Cattle JANUARY 2022 has broken through a support line. It has touched this line at least twice in the last 33 days. This breakout may indicate a potential move to 160.2827 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.