August live cattle moved higher Friday. Bear Bat predicted. Next upside target for the bulls is S2 at 108.100. Live cattle likes to double tops so we might see a run up to 115.575. With barbecue season here, this market should have a tendency to move higher, so how much of a decline we will see is unknown at this time.
Comment:
Live Cattle turning back down. We have a three drives scenario.
Comment:
Cattle showing signs of a possible further move up. Needs to break and stay above 106.550
Comment:
Live Cattle has produced a bull flag. Next upside target for bulls is crossing R2 at 108.100