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 01/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Neutral between 136.392 USD and 137.833 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 136.392 USD. The first resistance is located at 137.833 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

Additional analysis

Quotes

LIVE CATTLE rating 137.000 USD. The price registered an increase of +0.31% on the session and was between 136.650 USD and 137.250 USD. This implies that the price is at +0.26% from its lowest and at -0.18% from its highest.

136.650
137.250
137.000

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 LIVE CATTLE in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 132.067 135.500 136.392 137.000 137.833 138.442 139.275
Change (%) -3.60% -1.09% -0.44% - +0.61% +1.05% +1.66%
Change -4.933 -1.500 -0.608 - +0.833 +1.442 +2.275
Level Intermediate Minor Intermediate - Minor Intermediate 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
Standard136.083136.367136.683136.967137.283137.567137.883
Camarilla136.835136.890136.945137.000137.055137.110137.165
Woodie136.100136.375136.700136.975137.300137.575137.900
Fibonacci136.367136.596136.738136.967137.196137.338137.567


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard131.642134.008135.667138.033139.692142.058143.717
Camarilla136.218136.587136.956137.325137.694138.063138.432
Woodie131.288133.831135.313137.856139.338141.881143.363
Fibonacci134.008135.546136.496138.033139.571140.521142.058


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.400132.950136.325138.875142.250144.800148.175
Camarilla138.071138.614139.157139.700140.243140.786141.329
Woodie130.813133.156136.738139.081142.663145.006148.588
Fibonacci132.950135.213136.612138.875141.138142.537144.800

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): 51.80
MACD (12,26,9): -0.0960
Directional Movement: 3.881
AROON (14): -50.000
DEMA (21): 136.834
Parabolic SAR (0,02-0,02-0,2): 137.941
Elder Ray (13): 0.169
Super Trend (3,10): 137.905
Zig ZAG (10): 137.175
VORTEX (21): 1.0500
Stochastique (14,3,5): 36.89
TEMA (21): 136.965
Williams %R (14): -46.55
Chande Momentum Oscillator (20): -0.400
Repulse (5,40,3): 0.1840
ROCnROLL: -1
TRIX (15,9): -0.0130
Courbe Coppock: 0.38
MA7: 137.121
MA20: 137.953
MA50: 137.517
MA100: 135.149
MAexp7: 136.960
MAexp20: 136.993
MAexp50: 137.345
MAexp100: 137.673
Price / MA7: -0.09%
Price / MA20: -0.69%
Price / MA50: -0.38%
Price / MA100: +1.37%
Price / MAexp7: +0.16%
Price / MAexp20: +0.13%
Price / MAexp50: -0.12%
Price / MAexp100: -0.36%

Quotes : - 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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