Feeder Cattle: The downtrend may be expected to continue

Anton Kolhanov Anton Kolhanov

Weekly forecast (October 3 – 7, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 178,350, which will be followed by moving up to resistance level 183,900.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 178,350, which will be followed by reaching support level 170,850.

Previous week forecast

Monthly forecast, October 2022

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 178,350, which will be followed by moving up to resistance level 183,90 and 189,325.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 178,350, which will be followed by reaching support level 170,850.

Previous week forecast

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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