MURICO.com Forum

Cattle Daily *PIC*

Here’s my daily chart…

It looks like cattle is going to try and test the last downtrend line it just crossed.

I’m still not sure on if this market is going to break support.

If price closes below the last downtrend line then look for the test on the bottom side of that line to continue the move down.

This is a really bullish market and we don’t have price meeting time so it may still be in the works to move higher…so keep an eye on the channels and trend lines for any bounce. Look for the coil between the 2nd and the 12th

The weekly chart has the week of the 5th