Important price line being approached by Live Cattle AUGUST 2020. This price has been tested numerous times before.

Live Cattle AUGUST 2020 is moving towards a line of 94.9750 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Live Cattle AUGUST 2020 continues in its current trajectory, we can expect it to reach 94.9750 within the next 13 hours.