Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
LIVE CATTLE Jun 2024 (CME:LE.M24)
Long-Term Downtrend (-90) - LE.M24 is in a strong downtrend that is likely to continue. While LE.M24 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.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for LE.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LE.M24
The long-term trend has been DOWN since Oct 23rd, 2023 at 179.950
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 189.025
The short-term trend has been DOWN since Nov 24th, 2023 at 173.225
Smart Scan Analysis for LE.M24
Based on our trend formula, LE.M24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).