LIVE CATTLE - 1H - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
44%
0%
56%
My opinion
Bearish under 105.853 USD
My targets
104.425 USD (-0.26%)
103.438 USD (-1.21%)
My analysis
The bearish basic trend is very strong on LIVE CATTLE but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 105.853 USD. Crossing the first support at 104.425 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 103.438 USD as an objective. Crossing it would then enable sellers to target 101.650 USD. Caution, a return to above the resistance located at 105.853 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LIVE CATTLE rating is 104.700 USD. On the day, this instrument lost -1.02% with the lowest point at 103.700 USD and the highest point at 105.550 USD. The deviation from the price is +0.96% for the low point and -0.81% for the high point.103.700
105.550
104.700
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of LIVE CATTLE indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.650 | 103.438 | 104.425 | 104.700 | 105.853 | 107.220 | 108.633 |
| Change (%) | -2.91% | -1.21% | -0.26% | - | +1.10% | +2.41% | +3.76% |
| Change | -3.050 | -1.262 | -0.275 | - | +1.153 | +2.520 | +3.933 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.733 | 103.417 | 104.483 | 105.167 | 106.233 | 106.917 | 107.983 |
| Camarilla | 105.069 | 105.229 | 105.390 | 105.550 | 105.710 | 105.871 | 106.031 |
| Woodie | 102.925 | 103.513 | 104.675 | 105.263 | 106.425 | 107.013 | 108.175 |
| Fibonacci | 103.417 | 104.085 | 104.498 | 105.167 | 105.835 | 106.248 | 106.917 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.792 | 102.083 | 103.417 | 104.708 | 106.042 | 107.333 | 108.667 |
| Camarilla | 104.028 | 104.269 | 104.509 | 104.750 | 104.991 | 105.231 | 105.472 |
| Woodie | 100.813 | 102.094 | 103.438 | 104.719 | 106.063 | 107.344 | 108.688 |
| Fibonacci | 102.083 | 103.086 | 103.706 | 104.708 | 105.711 | 106.331 | 107.333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.325 | 100.425 | 102.950 | 107.050 | 109.575 | 113.675 | 116.200 |
| Camarilla | 103.653 | 104.260 | 104.868 | 105.475 | 106.082 | 106.690 | 107.297 |
| Woodie | 95.538 | 100.031 | 102.163 | 106.656 | 108.788 | 113.281 | 115.413 |
| Fibonacci | 100.425 | 102.956 | 104.519 | 107.050 | 109.581 | 111.144 | 113.675 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.58 | |
| MACD (12,26,9): | -0.0260 | |
| Directional Movement: | 2.611 | |
| AROON (14): | -21.428 | |
| DEMA (21): | 104.772 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.565 | |
| Elder Ray (13): | 0.190 | |
| Super Trend (3,10): | 105.894 | |
| Zig ZAG (10): | 105.125 | |
| VORTEX (21): | 1.0750 | |
| Stochastique (14,3,5): | 54.65 | |
| TEMA (21): | 105.013 | |
| Williams %R (14): | -33.72 | |
| Chande Momentum Oscillator (20): | 0.375 | |
| Repulse (5,40,3): | 0.4130 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 1.22 |
| MA7: | 104.943 | |
| MA20: | 107.410 | |
| MA50: | 106.187 | |
| MA100: | 101.947 | |
| MAexp7: | 104.849 | |
| MAexp20: | 104.841 | |
| MAexp50: | 105.298 | |
| MAexp100: | 106.114 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -2.52% | |
| Price / MA50: | -1.40% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.93% |
Quotes :
2020-09-09 21:45:02
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15 min delayed data
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CME Globex Futures
News
The last news published on LIVE CATTLE at the time of the generation of this analysis was as follows:
Judge Rinder joins 'Together Against Antisemitism' rally at Parliament SquareThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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