Livestock

The chart is key to this analysis

Cattle

(LEM25) 

June

From the 4/5/25 Special Update, 

Friday's close was below 198.97, this is  23.6% & 38.2% to the same lows and  a major Gann square and this will now be the key level for the next week.

Use 198.97 as the swing point for the week. 

Below it, the short term target area is 193.50, this is 38.2% back to the 8/21/24 low and 61.8% back to the 3/4/25 low and the 192.32 major Gann square. This is the area that needs to hold to keep the long term trend positive. The longer ....

This week's low held the area of 38.2% at 193.50 (keeping the long term trend positive) and the 192.32 major Gann square and the rally from it sent it back to the 198.97 major Gann square/swing point. Holding 193.50 is key to keeping the long term trend positive and this will be the key level for next week.

Use 193.50 as the swing point for the week.

Above it, keeps the long term trend positive and new highs can quickly follow. As always we will be watching the 78.6% level back to the 4/2/25 high at 204.35, this is the short term target. A failure to turn lower from this area will give us only major Gann squares to look for resistance and then use when it is closed above, the next one is 213.50. Any rally that can't get above the 198.97 major Gann square is a negative sign and a new low can quickly follow.

Below it, turns the long term trend negative and the short term target area is the 185.68 major Gann square and 61.8% back to the 8/21/24 low at 184.65. The long term target area is …

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