December Live Cattle

Feb 10, 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.

Feb 12, 2018

Note

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.

Feb 13, 2018

Note

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

Feb 14, 2018

Note

Cattle still looking bullish

Feb 18, 2018

Note

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

Feb 20, 2018

Note

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

Feb 21, 2018

Note

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.

Feb 22, 2018

Note

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

Feb 23, 2018

Note

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

Feb 26, 2018

Note

Cattle moving sideways. Has a bullish slant.

Feb 28, 2018

Note

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 H&S is no longer valid. 120.450 possible target.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