Energy futures remain volatile, with WTI crude at $77.45/barrel. Futures market analysis suggests price swings tied to Middle East geopolitical tension could lift energy sector equities in the short term. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: Technical analysis: Nine-week-old price uptrends on the daily bar charts for live cattle and feeder cattle futures have been at least temporarily negated with Tuesday’s big losses. The next upside price objective for the live cattle bulls is to close October futures above resistance at this week’s high of $236.875. The next downside technical objective for the bears is closing prices below solid technical support at $222.50. First resistance is seen at $233.00 and then at $235.00. First support is seen at today’s low of $229.00 and then at $227.00. Gold futures traded at $2,045/oz, up 0.3%. Futures market analysis indicates investors maintain hedge positions amid uncertainty over Federal Reserve rate-cut timing.
