December live cattle (LEZ26) futures present a buying opportunity on more price strength.
See on the daily bar chart for December live cattle futures that prices are trending higher and have just hit a nine-week high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. Bulls have the near-term technical advantage as the trend is their friend.
