JaceYoung

Live Cattle Long - October

Largo
CME:LEV2016   Live Cattle Futures (Oct 2016)
2
The market made a New Structure High back on August 4th signifying that we will have a continued uptrend potentially. Currently the market is retesting a big support zone, which happens to be a 61.8% Fib Retracement with the market becoming oversold as indicated by the RSI below. I would expect to see another rally coming to ATLEAST retest previous structure highs at $116. Let me know your thoughts.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.