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After testing support twice in the past, Feeder Cattle NOVEMBER 2019 has finally broken through. Can we expect a bearish trend to follow?

The breakout of Feeder Cattle NOVEMBER 2019 through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Feeder Cattle NOVEMBER 2019 to test 143.6065 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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Breach of support could mean a start of a bearish trend on FRA40

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USD/CHF Target Level: 0.9902

USD/CHF Target Level: 0.9902

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