July Lean Hog broke trend Wednesday and made a couple of gaps. Tomorrow one gap may fill, if not lower prices to 75.500 area. Hog index is 77.64, but all contracts are down and below index.
Comment:
Hogs didn't close second gap. Now on the downside of the Gartley pattern. Downside target is now 76 then 74.925. Hog Index in the last 3 days, 75.89, 74.77, 74.01. This is now a downtrend until index rallies.
