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Live Cattle and Lean Hog Futures moving into late July
This is not too big of a deal I think everybody can see that live cattle futures are sideways to down and they are now breaking through as of yesterday 20 day cycle support but I'm going to be watching and setting an alert for a breakdown below 134.75 to go short during market hours.
Keep in mind that there is a 5 day trough that is completing, and a move below this price will signal a break of that 5 day cycle and it should move into its end of trading cycle lows.
Its moving up out of an 80 day cycle, and probably will continue to tack higher on daily candles, with buyers below each candle in a channel until a buying climax of some kind.
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