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June Live Cattle bullish Butterfly / Bat

Live Cattle Futures (Jun 2018) (CME:LEM2018)  
hopscotch Updated   
CME:LEM2018   Live Cattle Futures (Jun 2018)
Pivot Points Butterfly Bat
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pivotpoints butterflypattern batpattern
June LIve cattle has created a bullish flag taking off from a quasi bullish Butterfly / Bat pattern. 20 Day MA is in reach. Until MA is breached and stays above this line, we can't call this a uptrend. S2 at 98.625 becomes resistance.
Comment:
Live Cattle still has potential upside. Pivot is target for bulls at 107.200.
Comment:
Live Cattle in a sideways position, but is over 20 day MA. RSI climbing. Looking for market to crack pivot at 107.200. If fail, fall back to double bottom. Support for an up move comes in at S1, 101.900
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