Technical Analysis #C-LCATTLE : 2020-02-07

Indicator Signal

  • RSI Neutral

  • MACD Sell

  • Donchian Channel Sell

  • MA(100) Sell

  • Fractals Sell

  • Parabolic SAR Sell

Chart Analysis

On the daily timeframe #C-LCATTLE: D1 has breached below the 100-day moving average MA(100), which is rising. This is bearish. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 118.28. A pending order to sell can be placed below that level. The stop loss can be placed above 121.67. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (121.67) without reaching the order (118.28), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis

Live cattle price fell after signing of interim US-China trade deal. Will the lcattle continue falling?