Bearish(Nuanced)7/8/2026
The August contract will meet the intermediate up trend line, on the weekly close only, at $235.00. A close under this will leave only the major trend line for support at approximately $214.00.
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The August contract will meet the intermediate up trend line, on the weekly close only, at $235.00. A close under this will leave only the major trend line for support at approximately $214.00.
View original →Something to note is how much of this price expanse and volatility is taking place in a well-worn price range. This should give you something to consider when fundamentals justify a direction, leading to no telling how much price expanse. As evidence mounts of congestion taking place within the industry, from the center of the plate up, cattle will have now have a Mt. Everest wall of worry to climb.
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