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 01/20/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 136.030 USD

My targets

141.200 USD (+1.91%)

145.575 USD (+5.07%)

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 136.030 USD. The buyers' bullish objective is set at 141.200 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 145.575 USD. If there is any crossing, the next objective would be the resistance located at 171.000 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

7.5

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 138.550 USD. On the day, this instrument gained +0.64% with the lowest point at 137.850 USD and the highest point at 139.150 USD. The deviation from the price is +0.51% for the low point and -0.43% for the high point.

137.850

139.150

138.550

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

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this LIVE CATTLE chart shows a strongly 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.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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	119.388	125.800	136.030	138.550	138.850	141.200	145.575
Change (%)	-13.83%	-9.20%	-1.82%	-	+0.22%	+1.91%	+5.07%
Change	-19.162	-12.750	-2.520	-	+0.300	+2.650	+7.025
Level	Minor	Major	Major	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	136.583	137.217	137.883	138.517	139.183	139.817	140.483
Camarilla	138.193	138.312	138.431	138.550	138.669	138.788	138.908
Woodie	136.600	137.225	137.900	138.525	139.200	139.825	140.500
Fibonacci	137.217	137.713	138.020	138.517	139.013	139.320	139.817

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.692	134.858	136.417	137.583	139.142	140.308	141.867
Camarilla	137.226	137.475	137.725	137.975	138.225	138.475	138.724
Woodie	133.888	134.956	136.613	137.681	139.338	140.406	142.063
Fibonacci	134.858	135.899	136.542	137.583	138.624	139.267	140.308

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	130.400	132.950	136.325	138.875	142.250	144.800	148.175
Camarilla	138.071	138.614	139.157	139.700	140.243	140.786	141.329
Woodie	130.813	133.156	136.738	139.081	142.663	145.006	148.588
Fibonacci	132.950	135.213	136.612	138.875	141.138	142.537	144.800

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):	53.86
MACD (12,26,9):	0.0290
Directional Movement:	9.334
AROON (14):	-57.143
DEMA (21):	138.008
Parabolic SAR (0,02-0,02-0,2):	139.360
Elder Ray (13):	0.608
Super Trend (3,10):	136.053
Zig ZAG (10):	138.550
VORTEX (21):	1.0400
Stochastique (14,3,5):	45.92
TEMA (21):	137.622
Williams %R (14):	-45.11
Chande Momentum Oscillator (20):	-1.150
Repulse (5,40,3):	0.9860
ROCnROLL:	1
TRIX (15,9):	0.0030
Courbe Coppock:	1.91

MA7:	137.511
MA20:	138.213
MA50:	137.742
MA100:	135.135
MAexp7:	137.920
MAexp20:	137.910
MAexp50:	137.300
MAexp100:	136.450
Price / MA7:	+0.76%
Price / MA20:	+0.24%
Price / MA50:	+0.59%
Price / MA100:	+2.53%
Price / MAexp7:	+0.46%
Price / MAexp20:	+0.46%
Price / MAexp50:	+0.91%
Price / MAexp100:	+1.54%

Quotes : - 10 min delayed data - CME Globex Futures

News

Don't forget to follow the news on LIVE CATTLE. At the time of publication of this analysis, the latest news was 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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