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March Feeder Cattle Almost break out

Long
CME:GFH2017   Feeder Cattle Futures (Mar 2017)
Feeder Cattle almost broke out of a bullish flag today. Corn was down but created a continuation cross. There is an upside wedge forming here over the last few weeks. Could go either way for corn. Corn sales would make this market go higher. Look for more sideways play. Feeders may attempt another push on Monday. There is mixed weather over the plains. Marketers don't want freezing cows in pens. Might hamper upsurge. If sales are brisk, that may help Feeders rise. Feeders still steady in Gann Fann 1/1 indicating a strong market.

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