Technicals (August – Q)August live cattle were able to firm yesterday, which may lead to some additional momentum in today’s trade. We see resistance coming in from 174.17-174.40. We would look to use this pocket as an opportunity to sell against. Whether that be reducing longs for the Bulls or initiating shorts for the Bears. Resistance: 174.17-174.40**** 175.95-176.25***Pivot: 170.95-171.30Support: 167.25-167.75****
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