Future Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
LIVE CATTLE Dec 2023 (CME:LE.Z23)
Strong Downtrend (-100) - LE.Z23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, LE.Z23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LE.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for LE.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LE.Z23
The long-term trend has been DOWN since Oct 23rd, 2023 at 180.350
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 187.175
The short-term trend has been DOWN since Nov 17th, 2023 at 174.375
Smart Scan Analysis for LE.Z23
Based on our trend formula, LE.Z23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).