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Barchart
Barchart
Jim Wyckoff

How to Bet on Cattle Prices Rising Higher from Here

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 starting to trend up. A bullish head-and-shoulders bottom reversal pattern has also formed on the daily bar chart. Bulls have technical momentum on their side, to suggest more upside for prices in the near term.

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