June Live Cattle was a disappointment with only a little gain off the bullish flag. Now in overbought territory, we may see a fail here and lower prices. If bulls can push higher we may see 109.65 as next target for bulls. With a higher high and not a doji, it might be a little at a time for the upside
Comment:
Live Cattle moved higher Wednesday. Looking for further upside to 110 which will bring it ever closer to the Butterfly.
Comment:
Live Cattle made a little more advance on Thursday. This market is running out of power. Still trying to make its way to the Butterfly completion.
