By IFCMarkets
Rising beef exports bullish for FCATTLE
Last week US Department of Agriculture (USDA) reported export sales of US 2020 beef in the week ended July 23 at 29,500 tons. The sales volume was up 81% from the prior four-week average and a marketing year high. Higher demand for beef as evidenced by exports report is bullish for the FCATTLE. At the same time today USDA will publish data on exports for the week ended July 30, and data showing a reverse trend will be a downside risk for the feeder cattle price.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 146.95 |
| Stop loss | Below 139.15 |
Market Analysis provided by IFCMarkets
Free Reports:
By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…
By JustMarkets On Monday, the US stock indices showed mixed dynamics, with the technology sector…
By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…
By ForexTime SpaceX IPO scheduled for Friday 12th June $75 billion capital raise forecast –…
By JustMarkets On Friday, the American stock market went through one of the harshest crashes…
By Analytical Department RoboForex EUR/USD began the new week at 1.1520. The US dollar ended…
This website uses cookies.