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Important price line being approached by GER30. This price has been tested numerous times before.

GER30 is moving towards a line of 12648.5000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GER30 continues in its current trajectory, we can expect it to reach 12648.5000 within the next 6 hours.

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Feeder Cattle AUGUST 2020 is quickly approaching 136.0250. We expect either a breakout through this line, or a rebound.

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