Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
LIVE CATTLE Feb 2024 (CME:LE.G24)
Long-Term Downtrend (-90) - LE.G24 is in a strong downtrend that is likely to continue. While LE.G24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LE.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for LE.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LE.G24
The long-term trend has been DOWN since Oct 23rd, 2023 at 184.200
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 191.525
The short-term trend has been DOWN since Nov 17th, 2023 at 175.050
Smart Scan Analysis for LE.G24
Based on our trend formula, LE.G24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).