Live Cattle June 2024 has broken through a line of 183.0000 and suggests a possible movement to 180.8275 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 43 days.
Related Posts
A Ascending Triangle has formed, Brent Crude is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Brent Crude is moving towards a resistance line which it has tested numerous times in the past. We…
Brent Crude breakout from a Pennant trade setup. Will it continue this trend to hit the target price?
Brent Crude moved through the support line of a Pennant at 77.09933333333333 on the 4 hour chart. This…
Brent Crude – approaching a price line that has been previously tested numerous times in the past
Brent Crude is moving towards a key support level at 74.3240. This is a previously tested level for…