Wednesday, July 5, 2023

GFQ23 Feeder Cattle Aug 2023 looks to have formed a top

 

August Feeder Cattle looks to have formed a top as today's close is below the previous high of 245.00. The price formed a bearish divergence with the RSI and finally the Stochastics have crossed. However prices are still above the 10 and 50 day moving averages.

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