Recommendation for Live Cattle:Sell
Sell Stop : Below 117.49Stop Loss : Above 123.52
RSI : Neutral
MACD : Sell
Donchian Channel : Sell
MA(200) : Buy
Fractals : Neutral
Parabolic SAR : Sell
Chart Analysis

The #C-LCATTLE technical analysis of the price chart in daily timeframe shows #C-LCATTLE,Daily has fallen below the support line above the 200-day moving average MA(200), which is rising itself. We believe the bearish momentum will continue as the price breaches below 117.49. A pending order to sell can be placed below that level. The stop loss can be placed above 123.52. 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 without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.