- Analytics
- Weekly Video Overview
Live Cattle Bias Is Still Bullish
The #C-LCATTLE price forecast in our March 24, 2020 technical analysis was bullish.
Market developments after #C-LCATTLE,D1 March 24, 2020 technical analysis still indicate bullish bias.
- #C-LCATTLE,D1 continued rising: it closed up 2% on March 24, opened with a gap up today.
- Wholesale beef prices are rising after reports Tyson Foods would pay producers a one-time premium.
Here is what indicators show as of March 25, 2020:
- The Parabolic Indicator gives a bullish signal.
- The Bollinger Bands give a buy signal.
- The MACD indicator gives a bullish signal.
- The RSI oscillator gives a bullish signal.
- The Fractals give a bullish signal.
- The MA(200) Indicator gives a neutral signal.
So the forecast is bullish for the #C-LCATTLE, H4.
Order | BUY |
Buy stop | Above 98.80 |
Stop loss | Below 90.14 |
Reuters
New Exclusive Analytical Tool
Any date range - from 1 day to 1 year
Any Trading Group - Forex, Stocks, Indices, etc.