December live Cattle Bowl and reverse Head and Shoulders.

Long

Live Cattle Futures (Dec 2019) (CME:LEZ2019)

Updated

CME:LEZ2019 Live Cattle Futures (Dec 2019)

DEC Live Cattle has created a bull flag with a reverse head and shoulders with a bowl shape. Expect continued rise to at least height of last shoulder putting it at 115.625.

Comment:

Cattle showing strength again in an upward move. Using R1 to launch from. Crossed R2 again. First target is R3 at 115.625

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