CME Live Cattle went up 37.5 cents, closing at $165.9 and building up on its four days of gains

Yesterday at a glance: Live Cattle rises 0.23% to close at $165.9 per pound yesterday.

Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 179,800, while the previous figure was 195,800. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 20,000, while the previous figure was 21,400.

Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that CME Live Cattle's upper Bollinger Band® is at $166.64, this is a slight indication of a slowdown.

Overall, while the Livestock future has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Trading mostly sideways for 11 months. After hitting an important low of $130.6 approximately 11 months ago, CME Live Cattle has bounced back 26.74% since.