June Live Cattle was up aggressively today charging up to 105.40 breaking the downtrending wedge. The previous Gartley pattern that was inset is no longer possible. The new pattern is a bullish butterfly. Next target for bulls 106.375, and if they can pull it higher the 141 extension to 108.100. There is still a possibility that a double top can be formed here at 105.625 but seeing that this market has tried several times to go lower just to be kicked up higher, we don't see this as big possibility. Support at 103.700 position 3 of the elliot wave.
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