Feeder Cattle ( GF1!
) is trading within a long term 1W Channel Up ( RSI
= 63.368, B/BP = 10.8420) on a very stable pace setup ( MACD
= 2.490, Highs/Lows = 3.4700) that allows us for a better pattern recognition. If those recurrences are valid, the GF should seek a Higher Low near 155.000 before making a Higher High near 164.000 (target).