Feeder cattle downtrend will start soon

Anton Kolhanov Anton Kolhanov

Weekly forecast (November 28 – December 2, 2022)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 176,325, which will be followed by reaching resistance level 182,375 and if it keeps on moving up above that level, we may expect the market to reach resistance level 188,250.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 176,325, which will be followed by moving down to support level 173,350.

Monthly forecast, November 2022

Uptrend scenario

An uptrend may be expected to continue, while market is trading above support level 178.550, which will be followed by reaching resistance level 191.500.

Downtrend scenario

The downtrend will start as soon, as the market drops below support level 178.550, which will be followed by moving down to support level 173.350.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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