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Feeder Cattle Situation (3)

Head and shoulders formation in Feeder Cattle futures is confirmed as neck has been broken.

In this situation, I am expecting lower prices for the coming months.

If lower prices arrive, non-commercials net position in the Commitment of Traders would become negative.

Commercials net position should increase as they cover their investments.

Last related post: Feeder Cattle Situation (2)

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