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Long

Live Cattle Bull Shark

CME:LEJ2018   LIVE CATTLE FUTURES
April Cattle is building out what appears to be a bearish flag today. Won't know until end of day if it does a full drop or doji . Bull Shark pattern is the next projection. There is very little upside on this month as R3 isn't far away, but it could still find some strength to tap out RSI .
Kommentar: Cattle fell off flag. Target pivot at 122.375
Kommentar: Live cattle started with a bullish flag, and is now showing a fall to pivot. It is still within the region of a flag, but since it isn't a doji, we would contend that it is bearish still.
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