Live Cattle Futures Due to Bottom Soon

 
Live Cattle Futures Due to Bottom Soon

Pro Farmer Senior Market Analyst Rich Posson says April live cattle futures are due to post a Level 1 business-cycle low this month. "From this type of low, futures should rally into April for a Level 1 top," he says. "It's too soon to calculate upside potential, but I would not rule out a rally into the $160.00s."

In the April live cattle futures chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:

cattle_feb2

Once a week, Pro Farmer VIP Members have access to Pro Farmer's Tech Talk, compiled by Posson, who is a certified market technician. Click here to learn more about the service and click here to become a Pro Farmer Member.

 

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7/27/2018 02:44 PM
 

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