- Analytik
- Wöchentliche Marktübersicht
Live Cattle Bias Is Still Bearish
The #C-LCATTLE price forecast in our February 7, 2020 technical analysis was bearish.
New data after #C-LCATTLE,Daily February 7, 2020 technical analysis still indicate bearish bias.
- The US beef production forecast was raised from the previous month.
- US beef export forecast was lowered slightly.
- Price is falling below 100-day moving average MA(100)
Here is what indicators show as of February 12, 2020:
- The Parabolic Indicator gives a bearish signal.
- TheDonchian channel indicates downtrend: it is widening down.
- The MACD indicator gives a bearish signal.
- The RSI oscillator has reached the threshold of the oversold zone.
- The Fractals give bearish signal.
- The MA(100) Indicator gives a bearish signal.
So the bearish forecast still stands for the #C-LCATTLE,Daily.
Order | SELL |
Sell stop | Below 116.33 |
Stop loss | Above 119.33 |
According to World Agricultural Supply and Demand Estimates report of 02-11-2020.
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