NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Jul 25, 2015 08:34 AM CDT

Live Cattle: The October contract closed $5.00 lower at $144.125. The secondary (intermediate-term) trend remains down and weekly stochastics bearish. Next secondary support could be between the previous low of $142.375 (week of February 2, 2015) and the spike low of $141.275 (week of February 23). The major (long-term) trend remains down with support on the continuous monthly chart (most active contract) between $141.95 and $137.40, prices that mark the 33% and 38.2% retracement levels of the previous major uptrend from $80.225 through the high of $172.75.

Feeder Cattle: The August contract closed $5.525 lower at $209.675 last week. The ...

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