Live Cattle 29/04 - Monitor closely

The price of Live Cattle has been steadily increasing over the last 4 years, moving along a steady upward trend shown in the figure below:

However, as you can see - there may be a false top forming. While it has technically continued to grow, reaching higher highs, the recent price movements make this one to keep an eye on. A break through the trendline could signal a more substantial decline is coming while a further rebound off it may yet lead to further heights. No matter which way it goes, the next couple of days are going to be pivotal.