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 - 15 min. - Technical analysis published on 10/12/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 148.183 USD
My targets
149.267 USD (+0.28%)
149.958 USD (+0.74%)
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 148.183 USD. The buyers' bullish objective is set at 149.267 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 149.958 USD. If there is any crossing, the next objective would be the resistance located at 151.042 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
8.8

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 rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The LIVE CATTLE rating is 148.850 USD. The price registered an increase of +0.19% on the session and was between 148.425 USD and 149.075 USD. This implies that the price is at +0.29% from its lowest and at -0.15% from its highest.

148.425
149.075
148.850

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of LIVE CATTLE in 15 min. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 147.512 147.925 148.569 148.850 149.276 149.850 150.525
Change (%) -0.90% -0.62% -0.19% - +0.29% +0.67% +1.13%
Change -1.338 -0.925 -0.281 - +0.426 +1.000 +1.675
Level Minor Minor Intermediate - Major Intermediate Intermediate



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
Standard145.717146.408147.492148.183149.267149.958151.042
Camarilla148.087148.250148.412148.575148.738148.900149.063
Woodie145.913146.506147.688148.281149.463150.056151.238
Fibonacci146.408147.086147.505148.183148.861149.280149.958


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard145.267146.083147.067147.883148.867149.683150.667
Camarilla147.555147.720147.885148.050148.215148.380148.545
Woodie145.350146.125147.150147.925148.950149.725150.750
Fibonacci146.083146.771147.196147.883148.571148.996149.683


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard139.958142.767144.908147.717149.858152.667154.808
Camarilla145.689146.143146.596147.050147.504147.958148.411
Woodie139.625142.600144.575147.550149.525152.500154.475
Fibonacci142.767144.658145.826147.717149.608150.776152.667

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): 65.91
MACD (12,26,9): 0.2700
Directional Movement: 16.308
AROON (14): 92.857
DEMA (21): 148.527
Parabolic SAR (0,02-0,02-0,2): 148.179
Elder Ray (13): 0.251
Super Trend (3,10): 147.872
Zig ZAG (10): 148.600
VORTEX (21): 1.2860
Stochastique (14,3,5): 75.94
TEMA (21): 148.725
Williams %R (14): -31.43
Chande Momentum Oscillator (20): 0.250
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0240
Courbe Coppock: 0.94
MA7: 147.971
MA20: 148.170
MA50: 148.093
MA100: 146.053
MAexp7: 148.545
MAexp20: 148.197
MAexp50: 147.933
MAexp100: 147.828
Price / MA7: +0.59%
Price / MA20: +0.46%
Price / MA50: +0.51%
Price / MA100: +1.92%
Price / MAexp7: +0.21%
Price / MAexp20: +0.44%
Price / MAexp50: +0.62%
Price / MAexp100: +0.69%

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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