December Live Cattle is creeping its way towards a Bullish Cypher. Next downside target is 113.45 and possible end at 111 before turning north. Live Cattle broke the uptrend line on Wednesday. It needs to break 114.650 and stay below to signify a continuation and fulfillment of this pattern.
Comment:
Live Cattle made a bearish flag today. Looking for confirmation on Monday and an opening around 116. Downside if this is a bearish opportunity target to 113.425. If turn north for bullish opportunity target 118.250
Comment:
Cattle fell off of flag. Approaching bullish Cypher at 110.325