NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Dec 15, 2014 05:06 AM CST

Live Cattle: The February contract closed $2.700 lower at $162.15 last week after. The contract moved below last week's low, the previous four-week low, of $164.425 extending the recently established (week of November 24) secondary (intermediate-term) downtrend. That same week saw weekly stochastics establish a bearish crossover, also indicating the secondary trend has turned down. Initial support is pegged near $158.15, the 33% retracement level of the previous uptrend from the contract low of $128.85 through the recent contract high of $172.75.

Feeder Cattle: The January contract closed $9.275 lower at $225.60 last week. The secondary (intermediate-term) trend remains down ...

Quick View
Related News Stories
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
Amazon Deforestation and Ag - 1