
Live Cattle Futures—An absolute meltdown has occurred across the commodity markets and the U.S equity market which is limit down today causing massive panic throughout all commodity sectors including live cattle which is limit down 300 points at 102.75 and looks to be sharply lower once again in tomorrow’s trading session.
Crude oil prices are down $10 a barrel which is absolutely remarkable or around 30% as a price war between Russia and Saudi Arabia is causing a massive sell-off across-the-board so stay short.
TREND: LOWER
CHART STRUCTURE: POOR
VOLATILITY: HIGH
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