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Live Cattle AUGUST 2022 – breach of a trending resistance line that has been tested at least twice before.

Live Cattle AUGUST 2022 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 33 days and suggests a possible target level to be around 137.6198 within the next 3 days.

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Important price line being approached by E-mini S&P 500 SEPTEMBER 2022. This price has been tested numerous times before.

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A final push possible on Feeder Cattle AUGUST 2022 as it starts approaching a price line of 175.8750.

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