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Re: Cattle Snapshot for 1-21-2022

DAILY TECHNICAL ANALYSIS

The Downtrend Line from the major high of 2014 to the subsequent reaction high of 14377 formed 1870 days
thereafter resides at 14373. This is currently providing daily technical overhead resistance and as long as this
market maintains a closing below it, then it remains in a bearish consolidation phase on this level. After the
historical high was established during 2014, a major low was created on 04/06/2020 at 7660 which was 469
days from that major high. The projected resistance currently stands at 15328. The Uptrend Channel range is
14217 to 13636 and we are trading neutral within this range closing last at 14210. Only a breakout through the
top of this channel would imply a sustainable rally whereas a closing below this channel will warn of a
potential correction.

Utilizing our Energy Models, the market is making new intraday lows in price while our Energy Models are
still positive but declining right now.

RISK FACTOR

On the daily level, we see a 0.21% risk on the upside, whereas on the downside the risk factor comes in at
1.05% for now. From a risk perspective, resistance on a closing basis stands at 14240, yet the risk on the
downside begins at 14060.

REVERSALS

The current overall tone on the Daily level is moderately Bullish for right now, electing two Daily Bullish
Reversals suggesting some upward movement was in order on this time level with the last being elected
yesterday suggesting at least a bounce. The broader tone of the market is neutral on this trading level. Our
long-range perspective is still positive so there is no indication of a bearish trend on this level at this instant.

The first key Daily Bullish Reversal stands at 14240. A bearish move remains in play as long as that Reversal
is not exceeded on a daily closing basis. To confirm a near-term change in trend to the upside, all four Daily
Bullish Reversals in this market would need to be elected meaning a daily close beneath 14060 is required.

DAILY REVERSAL TABLE
MINOR | MAJOR
BULLISH | BEARISH | BULLISH | BEARISH
14415 | 13040 | 14649 | 14060
14260 | 12900 | 14470 | 14020
14400 | 12870 | 14750 | 13930
14400 | 12870 | 14830 | 13804
14400 | 12860 | 14920 | 13120
14480 | 12400 | 14960 | 12810

HYPOTHETICAL MODEL ANALYSIS FOR NEXT SESSION

Applying our Tentative Hypothetical Models, we see that we have Daily Bullish Reversals that would be
generated if we see another new low penetrating 14202. These Tentative Hypothetical Bullish Reversals would
stand at 0, 13730, 13832, and 14377, whereas a close above the previous high 14310 would tend to suggest
that these Tentative Hypothetical Bullish Reversals will then become fixed as long as the low holds thereafter
for at least several days. Moreover, the election of any of these Tentative Bullish Reversals during that session
would signal a bounce is unfolding and that such a low may stand. However, if we continue to make new lows,
then these WHAT-IF Reversals will be replaced by a new set until the low becomes fixed.

---------------------------------------

INTRADAY TECHNICAL SUPPORT & RESISTANCE

Daily Projected Support & Resistance Targets
For Mon. Jan. 24, 2022
Previous Daily Session Closing Was: 14210

Looking at this from an intraday trading viewpoint, our Daily Projected Resistance and Support targets for the
day show the initial trading range with resistance at 14278 and support at 11614.

14433 3
14428 2
14402 3
14399 2
14398 2
14397 3
14393 2
14390 5
14389 2
14382 4
14381 3
14380 5
14378 2
14377 6
14376 4
14375 2
14372 8
14371 3
14368 2
14364 2
14363 2
14361 2
14358 2
14356 3
14355 3
14354 2
14351 2
14350 3
14347 3
14343 4
14342 2
14338 2
14336 3
14335 3
14334 6
14333 2
14332 2
14331 4
14330 3
14329 2
14327 5
14312 3
14307 3
14294 2
14288 2
14287 2
14283 2
14282 3
14281 3
14278 4
14275 2
14268 2
------------
13573 2
13447 2
13348 2
13195 2
13090 2
13034 2
13025 2
13015 2
12647 2
12410 2

Messages In This Thread

Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022 *PIC*
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Welcome Back DH --
Re: Cattle Snapshot for 1-21-2022
Re: Cattle Snapshot for 1-21-2022
Re: Dewey, don't give up-----
Re: Dewey, don't give up-----
Re: Dewey, don't give up-----
Re: Dewey, don't give up----- *PIC*