Seasonally weak till late October. Hogs have reached resistance at 99.500. Price action over the last few days suggests that a reversal is in place. I expect a quick fall during the next 2-3days back to the 1/1 Gann and 20 MA where another consolidation could take place.
Comments
LEONES
⋅
Stopped, hogs trading higher
littleriver
⋅
Maybe not . Nice engulfing candle today at upper fib.
LEONES
⋅
Agreed, entered short again
LEONES
⋅
Today outside bar is a further confirmation of the top
ozatrading
⋅
news are bad for them....watch out.
LEONES
⋅
which news?
ozatrading
⋅
hogs have porcine epidemic diarrhea (PED)- 13 states
LEONES
⋅
thank you but I think these news are already discounted in the price