Live Cattle Futures (LE1!), H4 Potential for Bullish Rise
Title: Live Cattle Futures ( LE1! ), H4 Potential for Bullish Rise
Type : Bullish rise
Resistance : 148.125
Pivot: 144.475
Support : 141.150
Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 141.150 where the overlap support is.
Fundamentals: No Major News
Type : Bullish rise
Resistance : 148.125
Pivot: 144.475
Support : 141.150
Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 141.150 where the overlap support is.
Fundamentals: No Major News
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results