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Northwest Iowa | I always appreciate any technical posts, so Thank you for posting. It could be there is resistance at this level but to me it isn't readily (long-term) apparent. I would agree with crowcrick that it is probably time to redraw some lines as the lines you have drawn have lost their influence. I used to think I would have to draw 3 trend lines on a chart as the market accelerated (either up or down). Cattle have a characteristic that when they are marking a bottom they tend to go very hard down. Each market will likely have some eccentricities.
Edited by partimer 10/3/2024 06:48
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Are we hitting strong resistance here? CZ24
