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.



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