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LIVE CATTLE
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 - 1H - Technical analysis published on 03/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 120.817 USD
My targets
122.700 USD (+0.76%)
124.525 USD (+2.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LIVE CATTLE as long as the price remains well above 120.817 USD. The buyers” bullish objective is set at 122.700 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 124.525 USD. If there is any crossing, the next objective would be the resistance located at 125.675 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1

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.

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

Additional analysis

Quotes

LIVE CATTLE rating 121.775 USD. The price registered an increase of +1.86% on the session with the lowest point at 120.875 USD and the highest point at 121.875 USD. The deviation from the price is +0.74% for the low point and -0.08% for the high point.

120.875
121.875
121.775

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LIVE CATTLE:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of LIVE CATTLE in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 119.415 120.125 120.817 121.775 122.700 124.525 125.675
Change (%) -1.94% -1.35% -0.79% - +0.76% +2.26% +3.20%
Change -2.360 -1.650 -0.958 - +0.925 +2.750 +3.900
Level Minor Minor Minor - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.208120.542121.208121.542122.208122.542123.208
Camarilla121.600121.692121.783121.875121.967122.058122.150
Woodie120.375120.625121.375121.625122.375122.625123.375
Fibonacci120.542120.924121.160121.542121.924122.160122.542


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard116.042117.208119.542120.708123.042124.208126.542
Camarilla120.913121.233121.554121.875122.196122.517122.838
Woodie116.625117.500120.125121.000123.625124.500127.125
Fibonacci117.208118.545119.371120.708122.045122.871124.208


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard108.342113.558116.267121.483124.192129.408132.117
Camarilla116.796117.522118.249118.975119.702120.428121.154
Woodie107.088112.931115.013120.856122.938128.781130.863
Fibonacci113.558116.586118.456121.483124.511126.381129.408

Numerical data


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

Technical indicators
Moving averages

RSI (14): 75.07
MACD (12,26,9): 0.7210
Directional Movement: 28.928
AROON (14): 100.000
DEMA (21): 121.159
Parabolic SAR (0,02-0,02-0,2): 120.362
Elder Ray (13): 1.084
Super Trend (3,10): 120.340
Zig ZAG (10): 121.875
VORTEX (21): 1.1650
Stochastique (14,3,5): 94.85
TEMA (21): 121.688
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 2.800
Repulse (5,40,3): 0.3800
ROCnROLL: 1
TRIX (15,9): 0.0570
Courbe Coppock: 3.63
MA7: 119.346
MA20: 119.143
MA50: 120.072
MA100: 116.168
MAexp7: 121.283
MAexp20: 120.330
MAexp50: 119.657
MAexp100: 119.643
Price / MA7: +2.04%
Price / MA20: +2.21%
Price / MA50: +1.42%
Price / MA100: +4.83%
Price / MAexp7: +0.49%
Price / MAexp20: +1.28%
Price / MAexp50: +1.85%
Price / MAexp100: +1.87%

Quotes : 2021-03-26 21:40:31 - 10 min delayed data - CME Globex Futures

News


The last news published on LIVE CATTLE at the time of the generation of this analysis was as follows:

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

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