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FCATTLE Price Forecast Remains Bearish
The #C-FCATTLE price forecast in our January 15, 2021 technical analysis was bearish.
Market analyses after our #C- FCATTLE,Daily technical analysis last week still indicate bearish bias.
- Cattle market reports indicate large supplies of fed cattle coming to market are putting a lid on fed cattle prices.
- However, the #C- FCATTLE,Daily gained 1.8% since our technical analysis.
Here is what indicators show as of January 18, 2021:
- The Parabolic Indicator gives a bearish signal.
- The Donchian channel indicates downtrend: it is narrowing down.
- The MACD indicator gives a bullish signal: it is below the signal line and the gap is narrowing.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bearish signal.
- The MA(200) indicator gives a bearish signal.
So the bearish forecast still stands for the #C- FCATTLE,Daily .
Order | SELL |
Sell stop | Below 132.51 |
Stop loss | Above 139.48 |
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