GFQ2016 Commodities Futures Chart

FEEDER CATTLE FUTURES

 

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JaceYoung JaceYoung GFQ2016, D, Short ,
GFQ2016: August Feeder Cattle Short
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GFQ2016, D Short
August Feeder Cattle Short

The Market has made a New Structure Low, which signifies we could have a continue in our downtrend. The market became oversold yesterday and had a little bounce. I would expect prices to rally back up into the $141-$144 level before reversing again. This is a good area of prior resistance/support and would be a 61.8 retracement as well. If this trend continues I ...

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