A confluence of signs are pointing to a reversal of the minor downtrend in cattle. The 118.75 level has been tested several times. Looking for a closing break of the trendline accompanied by some solid volume to validate the reversal. If so, looking to cash in a little with a minor price target at 125.
Comment:
Looking for a closing breakout of the ascending triangle to validate our long position
Comment:
11/30 pin bar candlestick indicating buying pressure could push price through resistance at 120.50
Order cancelled