Feeder Cattle Weekly Forecast

Weekly Forecast (September 18 – 23, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 182,100, which will be followed by moving up to resistance level 187.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 179,575, which will be followed by moving down to support level 177,500.

previous week forecast

Monthly Forecast, September 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 180.850, which will be followed by reaching resistance level 193.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 180.850, which will be followed by moving down to support level 177.50 and if it keeps on moving down below that level, we may expect the market to reach support level 170.825.

previous week forecast

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