Wyckoff Rates Live Cattle Futures 6.5

August 1, 2014 08:00 AM

Pro Farmer Technical Analyst Jim Wyckoff says cattle bulls still have the overall near-term technical advantage. However, strong followthrough selling on Friday begins to suggest a market top is in place. Bulls' next upside price objective is to push and close prices above strong resistance at the contract high of $160.75. The next downside technical breakout objective for the bears is pushing and closing prices below solid technical support at $155.00.



Learn more about how Wyckoff rates the market at this link.

Click here to subscribe to Wyckoff's Market Rating service.


Back to news



Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by QTInfo.com
Brought to you by Beyer