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A quick move expected on Live Cattle AUGUST 2019 as it starts approaching a support line of a Falling Wedge

Live Cattle AUGUST 2019 is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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BCHCAD – approaching a support line that has been previously tested at least twice in the past

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Merck & Co. Inc. has broken through resistance of a Triangle. It has touched this line at least twice in the last 64 days.

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