fbLive Cattle Price Bias Is Still Bullish | IFCM

Live Cattle Price Bias Is Still Bullish

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The #C-LCATTLE price forecast in our June 25, 2020 technical analysis was bullish

  • Market data after #C-LCATTLE,Daily June 25, 2020 technical analysis still indicate bullish bias.
  1. #C-LCATTLE,Daily closed 0.04% higher on June 26, 2020.
  2. Total red meat production year to date for June 27 was 1.5% lower compared to the previous year.

Here is what indicators show as of June 29, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian channel indicates no trend: it is flat.
  • The MACD indicator gives a neutral signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give bullish signal.
  • The MA(200) Indicator gives a bearish signal.

So the bullish forecast still stands for the #C-LCATTLE,Daily.

OrderBUY
Buy stopAbove 98.78
Stop lossBelow 94.06

US Department of Agriculture's Marketing Service .

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