NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Jul 1, 2015 04:44 AM CDT

Live Cattle: The August contract closed at $148.075, down $3.20 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 (March 2009 low) through $172.75 (November 2014 high). The 50% retracement level is down near $126.35.

Feeder Cattle: The August contract closed at $214.725, down $8.225 on the monthly chart. The major (long-term) trend remains down. Initial support is near $192.375, a price that marks the 33% retracement level of the previous uptrend from $85.50 (December 2008 low) through $245.75 ...

Quick View
Related News Stories
OBITUARY: Futures Pits
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Guest Editorial
Gulke: July Report
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains