Lean Hogs
Technicals (July): July lean hogs were able to breakout above trendline resistance and the 50-day moving average which led way to an extension to our next resistance level mentioned in yesterday’s report, we’ve defined that wide ranging pocket as 112.825-114.00. Previous resistance will now act as support, that comes in near 110.50-111.475.
Resistance:...
October Lean Hog has completed a Bearish Cypher pattern and a double top sell formation. Hogs have to cross 66.925 and stay below to make this a full on trend. This would also put it under the 20 day moving average. 65.250 is target after 66.925 break.
