CME:GF Feeder Cattle Futures prices forecast, Buy, Target 157
Feeder Cattle Futures (CME: GF)
Trade : Buy
Entry : 139
Target : 157 (18, +12.95%)
Stop : 136 (-3, -2.16%)
Posted on Saturday, December 12, 2020
Note : Feeder cattle futures prices seem to be out of the bottom. At this point in time, target price could be 157 and support could be 136. Before the target price, 148 would be a resistance. It would be better to find opportunities to buy at around 139. It is necessary to consider that Live cattle prices are still weak. It's still hard to say whether they'll go over 157.
Trade : Buy
Entry : 139
Target : 157 (18, +12.95%)
Stop : 136 (-3, -2.16%)
Posted on Saturday, December 12, 2020
Note : Feeder cattle futures prices seem to be out of the bottom. At this point in time, target price could be 157 and support could be 136. Before the target price, 148 would be a resistance. It would be better to find opportunities to buy at around 139. It is necessary to consider that Live cattle prices are still weak. It's still hard to say whether they'll go over 157.
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