Mean reversion, le = live cattle, gf = feeder cattle, zc = corn, he = hogs
LE is testing the the top of its previous ranges support. Hold the line we go up get back inside we going back down. pretty simple stuff
Cattle – Weekly Continuous: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The 2019 low has provided a pivot for a parallel uptrend line (highlighted in yellow) that has acted as a strong magnet since moving up off the covid crash low. Any of the lines could act as Support or...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits Alternative...
Type : Bullish rise Resistance : 147.900 Pivot: 143.150 Support : 141.100 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2%...
Type : Bullish rise Resistance : 147.900 Pivot: 143.150 Support : 141.100 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2%...
Type : Bullish rise Resistance : 147.900 Pivot: 143.150 Support : 141.100 Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 143.150 where the previous swing low and 23.6% retracement sits to the 1st resistance at 147.900 where the 127.2%...
Title: Live Cattle Futures ( LE1! ), H4 Potential for Bullish Trend Type : Bullish rise Resistance : 147.900 Pivot: 144.275 Support : 141.100 Preferred Case: The price is moving in a bullish trend on the H4. Price fell below the Pivot at 144.275, but quickly recovered and closed above it. If the bullish momentum continues, we can expect price to move towards the...
Title: Live Cattle Futures ( LE1! ), H4 Potential for Bearish Trend Type : Bullish rise Resistance : 147.900 Pivot: 144.275 Support : 141.100 Preferred Case: On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st...
Title: Live Cattle Futures ( LE1! ), H4 Potential for Bearish Trend Type : Bullish rise Resistance : 147.900 Pivot: 144.275 Support : 141.100 Preferred Case: On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st...
Title: Live Cattle Futures ( LE1! ), H4 Potential for Bullish Rise Type : Bullish rise Resistance : 146.750 Pivot: 142.650 Support : 139.175 Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 142.650 where the 23.6% retracement sits to the 1st...