Technical Analysis #C-LCATTLE : 2020-12-15

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)

Recommendation for Live Cattle :Buy​

Buy Stop : Above 114,6

Stop Loss : Below 108,6

Parabolic SARBuy
Bollinger BandsBuy

Chart Analysis​

IFC Markets Tech Analysis

On the daily timeframe, LCATTLE: D1 has formed a triangle pattern, which should be broken up before opening a position. A number of technical analysis indicators formed signals for further growth. We do not exclude a bullish movement if LCATTLE rises above its last upper fractal and upper Bollinger band: 114.6. This level can be used as an entry point. We can place a stop loss below the Parabolic signal, the lower Bollinger band, 200-day moving average line and the last lower fractal: 108.6. After opening a pending order, we move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and place a stop loss, moving it in the direction of the bias. If the price meets the stop loss (108.6) without activating the order (114.6), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.

Fundamental Analysis​

Rising prices of oats and other grains may increase the animal feed prices. Will the LCATTLE quotes continue to grow?