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Barchart
Barchart
Jim Wyckoff

Make a Bet on Cattle Prices Rising from Here with This Trade

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 have rebounded from the September low and a bullish head-and-shoulders bottom reversal pattern appears to be forming. It’s my bias that the cattle futures markets have put in near-term price bottoms.

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