Feeder Cattle: Strong Buy Signal on potential Golden Cross.
Feeder Cattle is coming off a strong Higher Low rebound early this month with 1D already on strong bullish technical action (RSI = 60.454, MACD = 0.850, Highs/Lows = 3.0514). Since this bullish sequence started on a strong August rebound on the 128.800 1W Support, it is more likely to see an extension towards the 161.000 1W Resistance.
A potential 1D Golden Cross formation in October should come as validation of this just as it has done twice already since 2017. We are long on GF with 155.000 - 161.000 as our Target Zone.
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A potential 1D Golden Cross formation in October should come as validation of this just as it has done twice already since 2017. We are long on GF with 155.000 - 161.000 as our Target Zone.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial