Feeder Cattle SEPTEMBER 2019 is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of Feeder Cattle SEPTEMBER 2019 to test 144.0250 within the next 2 days. 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.
Feeder Cattle SEPTEMBER 2019 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
