NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Apr 1, 2015 08:12 AM CDT

Live Cattle: The June contract closed at $153.325, up $0.625 on the monthly chart. The switch from the April to June as the most active contract created a bullish key reversal on the monthly chart for most active contracts. However, other technical signals continue to indicate the major (long-term) trend remains down. Bullish fundamentals, indicated by the futures spreads, could result in a test of resistance between $158.90 and $165.55, prices that mark the 50% and 67% retracement levels of the initial sell-off from $172.75 (November 2014 high) to $145.075 (March 2015 low).

Feeder Cattle: The May contract closed at ...

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