Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri May 1, 2015 05:59 AM CDT

Live Cattle: The June contract closed at $149.70, down $2.625 on the monthly chart. The major (long-term) trend remains down with support between $141.85 and $137.30. These prices mark the 33% and 38.2% retracement levels of previous uptrend from $79.975 through the high of $172.75. Secondary resistance is pegged at $155.65, the 38.2% retracement level of the initial sell-off from the $172.75 high through the March 2015 low of $145.075.

Feeder Cattle: The August contract closed at $21.70, down $2.20 on the monthly chart. While the major (long-term) trend remains down, the market has seen a retracement rally leading to ...

Quick View
Related News Stories
DTN Technically Speaking Blog
Senate Passes TPA Bill
DTN Closing Grain Comments
Grain Inspections Reforms Move Forward
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Early Word Opening Livestock
DTN Before The Bell Grain Comments
Guest Editorial