LIVE CATTLE

- USD (-)

- 10 min delayed data - CME Globex Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	LEG5
ISIN:

LIVE CATTLE - Daily - Technical analysis published on 11/25/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 108.633 USD

My targets

113.558 USD (+2.14%)

116.920 USD (+5.17%)

My analysis

The bullish trend is currently very strong on LIVE CATTLE. As long as the price remains above the support at 108.633 USD, you could try to benefit from the boom. The first bullish objective is located at 113.558 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 116.920 USD as an objective. Crossing it would then enable buyers to target 122.450 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LIVE CATTLE price is 111.175 USD. On the day, this instrument gained +1.07% and was traded between 109.950 USD and 111.675 USD over the period. The price is currently at +1.11% from its lowest and -0.45% from its highest.

109.950

111.675

111.175

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LIVE CATTLE in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	96.542	104.258	108.633	111.175	116.920	122.450	127.585
Change (%)	-13.16%	-6.22%	-2.29%	-	+5.17%	+10.14%	+14.76%
Change	-14.633	-6.917	-2.542	-	+5.745	+11.275	+16.410
Level	Major	Major	Major	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.608	107.567	108.783	109.742	110.958	111.917	113.133
Camarilla	109.402	109.601	109.801	110.000	110.199	110.399	110.598
Woodie	106.738	107.631	108.913	109.806	111.088	111.981	113.263
Fibonacci	107.567	108.398	108.911	109.742	110.573	111.086	111.917

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.700	103.650	105.875	108.825	111.050	114.000	116.225
Camarilla	106.677	107.151	107.626	108.100	108.574	109.049	109.523
Woodie	100.338	103.469	105.513	108.644	110.688	113.819	115.863
Fibonacci	103.650	105.627	106.848	108.825	110.802	112.023	114.000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.008	97.267	102.783	108.042	113.558	118.817	124.333
Camarilla	105.337	106.325	107.312	108.300	109.288	110.275	111.263
Woodie	92.138	97.331	102.913	108.106	113.688	118.881	124.463
Fibonacci	97.267	101.383	103.926	108.042	112.158	114.701	118.817

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.72
MACD (12,26,9):	0.5630
Directional Movement:	3.962
AROON (14):	-50.000
DEMA (21):	110.270
Parabolic SAR (0,02-0,02-0,2):	112.129
Elder Ray (13):	0.939
Super Trend (3,10):	107.350
Zig ZAG (10):	111.350
VORTEX (21):	1.1670
Stochastique (14,3,5):	52.73
TEMA (21):	110.564
Williams %R (14):	-22.13
Chande Momentum Oscillator (20):	2.700
Repulse (5,40,3):	1.7550
ROCnROLL:	1
TRIX (15,9):	0.0720
Courbe Coppock:	4.24

MA7:	110.014
MA20:	109.515
MA50:	109.063
MA100:	107.233
MAexp7:	110.103
MAexp20:	109.566
MAexp50:	108.599
MAexp100:	107.024
Price / MA7:	+1.06%
Price / MA20:	+1.52%
Price / MA50:	+1.94%
Price / MA100:	+3.68%
Price / MAexp7:	+0.97%
Price / MAexp20:	+1.47%
Price / MAexp50:	+2.37%
Price / MAexp100:	+3.88%

Quotes : 2020-11-24 22:45:57 - 10 min delayed data - CME Globex Futures

News

The latest news and videos published on LIVE CATTLE at the time of the analysis were as follows:

Judge Rinder joins 'Together Against Antisemitism' rally at Parliament Square

This member declared not having a position on this financial instrument or a related financial instrument.

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