CME:HE1!   Lean Hogs Futures
Lean Hogs
Commitment of Traders Update: Friday’s Updated CoT report showed Managed Money were net buyers of 11,450 futures /options contracts through July 12th This expands their net long position to 39,934 contracts.

Technicals (August): August lean hog futures traded at the upper end of the two-month range last week. Resistance remains intact from 111.30-112.00. A break and close above this pocket, and there’s little significant resistance for several dollars. On the support side of things, 106.35-107.025 is the pocket the Bulls need to defend.

Resistance: 111.30-112.00***, 116.325**, 120.30-121.25***
Pivot: 106.35-107.025
Support: 103.00-103.95***, 101.30-101.60**, 98.00-98.65****

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