Feed Cattle

Friday's action made a late attempt at the 100.125 breakout level, but didn't get there. It closed @ 100.35 and stayed below it's 10 day EMA for a second day in a row. We got a slight bearish cross on the MACD and I expect a breakout attempt on Monday. The key will be to get through support of a previous swing high @ 100.025, the 20 day EMA, and the 38% retracement level of the current short term uptrend.