December Live Cattle has created a evening star Doji along with two other dojis in overbought market extending into a Cypher pattern extensions. Possible retracement to 109.400, then 108.525 to fill small gap left back a week ago. Cattle in uptrend so caution to extent of drop should be noted.
Commento
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Live Cattle scraping the top areas of the Cypher extension and made a gravestone today. There really isn't anywhere to go but down unless bulls really want this higher. Targets still the same.
Commento
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Live Cattle fell this morning on overbought condition. Looking for 109.400, then 108.525 for gap.
Commento
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Live Cattle continues to rise outside any potential pattern. With overbought conditions we should see a purge in the next couple of days and a continued uptrend unless bears can push it down to 114.875. New graphical projection for Cattle.