December Live Cattle

10 feb 2018

December Live Cattle maybe creating at Head and Shoulders / Bullish Butterfly. Neckline comes in at pivot 114.625. Break up above R2 would negate H&S. Minimal drop would be to S1. There is still a lot of RSI to make up so this may take a while of up and down.

12 feb 2018

Nota

Cattle tried to increase its position and was traded back slightly. May go for double top at R2 tomorrow or descend down off of the mini downtrend line. Since it hasn't broken the 20 day, we should theorize more upside.

13 feb 2018

Nota

Doji for Cattle. May signal end for up. Need confirmation.

14 feb 2018

Nota

Cattle still looking bullish

18 feb 2018

Nota

No head and shoulders. Cattle making a run at 120. 20 day MA becomes support

20 feb 2018

Nota

Cattle pause. May see higher highs still. Potential drop here also may happen. RSI overbought.

21 feb 2018

Nota

Cattle fell today and broke through the 20 day MA, but couldn't stay under, which still puts it into a bullish pattern. If tomorrow brings further selling through and under 20 day, we should see prices back to pivot at 114.625. Cattle however did break through uptrend RSI line.

22 feb 2018

Nota

20 day MA now becomes support for possible run up to R3. Break of 116.050 will send this tumbling down.

23 feb 2018

Nota

Cattle made a bear flag today. Looking for another move down to 116.050.

26 feb 2018

Nota

Cattle moving sideways. Has a bullish slant.

28 feb 2018

Nota

We have a bull flag on Live Cattle. H&S is no longer valid. 120.450 possible target. Market over 20 day MA.