Live Cattle Thursday Forecast

Thursday Forecast (August 4, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 143.40, which will be followed by reaching resistance level 146.95.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 143.40, which will be followed by moving down to support level 141.825.

This/Next Week Forecast (August 1 – 5, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 141,825, which will be followed by reaching resistance level 143,775 and 14,950.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 141,825, which will be followed by moving down to support level 140 and 138.

Monthly Forecast, August 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 137,950, which will be followed by reaching resistance level 148,700.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 137,950, which will be followed by moving down to support level 131,450 – 129,975.

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