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Lean Hog Futures (Dec 2019)Lean Hog Futures (Dec 2019)Lean Hog Futures (Dec 2019)

Lean Hog Futures (Dec 2019)

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HEZ2019 trade ideas

HE1! Continuous HogsContinuous Hogs- Weekly: The July Contract is driving the continuous chart. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points All time high at 133.60, but we appear to be turning appropriately off the recent touch of the major uptrend line based off the 18’ low. Retracements can be used for support targets…. Further risk in the 75.00 – 70.00 area for 4th qtr Hogs around the 1st week of October
CME:HE1!
by mtb1980
Building a higher base, but can it be sustainedTechnicals look okay. Seeing the narrative beginning to change out of China is making me question whether or not this higher base can be sustained. Chinese GDP forecasts have changed and are forecasting slower growth than most were expecting, however the market seems resilient to the fact. As a macro signal pay close attention to the offshore yuan. Although AFS is still in play a weaker yuan will add deflationary pressure to most commodities
CME:HE1!
by The_dumpster_diver
Continuous HogsContinuous Hogs- Weekly: The chart is led by the February contract. The shaded areas represent the previous 5 years of price action the Feb contract had acting as the lead month of their represented year. The parallel lines formed from multi pivots areas (swing highs or swing lows). Current cash contracts (Dec and now Feb) had consolidated on the down trending parallel in the 65.00 area with a recent attempt to break out above. The neutral area (Gray box) has resistance at 70.80 and support at 61.00. **Attempt last week to break above fell short** Opportunity area, or area of strength (Blue Box), is between 70.80 and 80.00 Risk area (Red Box) from 61.00 to 47.00
CME:HE1!
by mtb1980
1
waiting for HEN2020-HEV2020 to entry There is a big potential for the gorwth of this spread. Normal price difference of those 2 contract months is 10 points. (1pt = 400$) I will have eye on this spread since i see it as a huuge oportunity, which i do not want to miss. SL could be set below the recent low: -4.7 PT could be: 5-10 As i already have some contracts of this spread, i will add another contract after the spread close above that indicated level. I do not recommend to anyone to hold the position as i am doing, because i have a big account and many experiences to manage risk. But who is looking for good trade, there could be one within days. Good luck to everyone.
CME:HEN2020
by Martomin