LIVE CATTLE - 1H - Technical analysis published on 05/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 134.400 USD
My targets
132.870 USD (-0.53%)
131.375 USD (-1.65%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 134.400 USD remains possible. It is advisable to trade LIVE CATTLE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 134.400 USD. The next bearish objective for sellers is set at 132.870 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 131.375 USD. In case of crossing, the next objective would be the support located at 129.250 USD. PS: if there is a bullish break in the resistance located at 134.400 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 133.575 USD. The price has increased by +0.89% since the last closing and was traded between 132.350 USD and 134.875 USD over the period. The price is currently at +0.93% from its lowest and -0.96% from its highest.132.350
134.875
133.575
Here is a more detailed summary of the historical variations registered by LIVE CATTLE:
Technical
Technical analysis of this 1H chart of LIVE CATTLE indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 129.250 | 131.375 | 132.870 | 133.575 | 134.400 | 136.275 | 137.161 |
| Change (%) | -3.24% | -1.65% | -0.53% | - | +0.62% | +2.02% | +2.68% |
| Change | -4.325 | -2.200 | -0.705 | - | +0.825 | +2.700 | +3.586 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.800 | 131.075 | 132.325 | 133.600 | 134.850 | 136.125 | 137.375 |
| Camarilla | 132.881 | 133.112 | 133.344 | 133.575 | 133.807 | 134.038 | 134.269 |
| Woodie | 129.788 | 131.069 | 132.313 | 133.594 | 134.838 | 136.119 | 137.363 |
| Fibonacci | 131.075 | 132.040 | 132.636 | 133.600 | 134.565 | 135.161 | 136.125 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.842 | 130.233 | 131.492 | 133.883 | 135.142 | 137.533 | 138.792 |
| Camarilla | 131.746 | 132.081 | 132.415 | 132.750 | 133.085 | 133.419 | 133.754 |
| Woodie | 127.275 | 129.950 | 130.925 | 133.600 | 134.575 | 137.250 | 138.225 |
| Fibonacci | 130.233 | 131.628 | 132.489 | 133.883 | 135.278 | 136.139 | 137.533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.558 | 127.517 | 130.083 | 135.042 | 137.608 | 142.567 | 145.133 |
| Camarilla | 130.581 | 131.270 | 131.960 | 132.650 | 133.340 | 134.030 | 134.719 |
| Woodie | 121.363 | 126.919 | 128.888 | 134.444 | 136.413 | 141.969 | 143.938 |
| Fibonacci | 127.517 | 130.391 | 132.167 | 135.042 | 137.916 | 139.692 | 142.567 |
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): | 49.90 | |
| MACD (12,26,9): | -0.0610 | |
| Directional Movement: | 5.345 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 133.235 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.661 | |
| Elder Ray (13): | 0.198 | |
| Super Trend (3,10): | 131.794 | |
| Zig ZAG (10): | 133.475 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 56.34 | |
| TEMA (21): | 133.483 | |
| Williams %R (14): | -49.56 | |
| Chande Momentum Oscillator (20): | 0.100 | |
| Repulse (5,40,3): | -0.3760 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0250 | |
| Courbe Coppock: | 0.73 |
| MA7: | 133.564 | |
| MA20: | 135.301 | |
| MA50: | 135.648 | |
| MA100: | 138.008 | |
| MAexp7: | 133.523 | |
| MAexp20: | 133.407 | |
| MAexp50: | 133.879 | |
| MAexp100: | 134.582 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -1.28% | |
| Price / MA50: | -1.53% | |
| Price / MA100: | -3.21% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.82% |
Quotes :
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10 min delayed data
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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:
-
Gary Vee Says 98% of NFTs ‘Are Going to Zero’ #Shorts
-
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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