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Tag Archives | Cattle

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Cattle May See Another Swing Up to 118.77 Before Finding Top

While the short-term technical signals are somewhat bearish with the gap down from the uptrend channel, the turn down from overbought readings and the slow stochastics sell-signal, the massive discount of the futures to the cash market may be just too wide, and finding aggressive new sellers may be difficult for now. Perhaps sideways action […]

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Cattle Overbought Short-Term After 3-day, 7.2% Surge

The market is already approaching an overbought condition after the 700 point surge higher (7.2%) in just three trading days for December cattle. The market is also premium to the cash market. February cattle gapped the downtrend line off of the August and September highs and this is a powerful technical signal for a further […]

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