Might be a good spot around 200 to go long Feeder Cattle, got a fibonacci cluster
with a 1,61,1,38 and a 1,27 extension coming in at around 200,+ a 38% retracement around 200, 200 day moving average is also coming in at around 200. Rsi
is also looking like we might get some bullish divergence
. I would wait for price action
to close above 200 for a couple of days, Entry around 200, stops below 194, first target at 217 which offers a risk/reward ratio 2,27, second target at 227 which offers a risk reward ratio 5,61.