FCATTLE Price Forecast Remains Bearish | IFCM
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FCATTLE Price Forecast Remains Bearish

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The #C-FCATTLE price forecast in our January 15, 2021 technical analysis was bearish.

Market analyses after our #C- FCATTLE,Daily technical analysis last week still indicate bearish bias.

  • Cattle market reports indicate large supplies of fed cattle coming to market are putting a lid on fed cattle prices.
  • However, the #C- FCATTLE,Daily gained 1.8% since our technical analysis.

Here is what indicators show as of January 18, 2021:

  • The Parabolic Indicator gives a bearish signal.
  • The Donchian channel indicates downtrend: it is narrowing down.
  • The MACD indicator gives a bullish signal: it is below the signal line and the gap is narrowing.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a bearish signal.
  • The MA(200) indicator gives a bearish signal.

So the bearish forecast still stands for the #C- FCATTLE,Daily .

OrderSELL
Sell stopBelow 132.51
Stop lossAbove 139.48

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