8.8. 21 OIL Gold DXY Lean Hogs There is nice volatility on some of these markets...but you need to be careful and sometimes wait, but be able to jump on a trade.
7.28.21 Lean Hogs This is a more detailed discussion about about how to think about this as a buy and a seller and about the structure and market dynamics around your trade decisions. This is worth at least one viewing if you are new to my posts.
7.27,21 HOGS Part 2 : More management decisions ... the realities of trading. It's important to stay in a good reversal and not be so fast to scalp when the market is likely to take you to a bigger profit.
7.27.21 Bitcoin Hogs Part 1 this is mostly about managing trade decisions.
7.23.21 Hogs: looking at some of the useful behavior of markets to find clarity.
7.22.21 Cleanup on the Hog video and preparation for the Oil video later today when I have some time.
7.22.21 Lean Hogs some verbal misstatements, but you should what they are...and that saves me the time of doing it again. There is a big difference between pattern lines and price action...AND YOU NEED BOTH! However, this requires some discretion.
Short term EW count shows probability of final move of the short term correction. Afterwards, lean hogs can drop lower.
Continuous Hogs- Weekly: Currently plotting against the Oct contract (vs the August at 104.25). 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 hogs turned lower off the touch of the major uptrend line based off the 18’ low. Retracements can be used for...
Continuous 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...
Lean hog prices have continued to surge higher. However, will negative divergences in the Relative Strength Index and MACD oscillators threaten the runaway rally? If not, the 361.8% Fibonacci extension may serve as the next technical barrier before targeting all-time highs.
It is still not too late to buy Lean Hogs. RSI is showing overbought conditions but there are no reversal patterns on the daily chart.
Reports of Chinese ASF problems growing. Not clear the extent of the issue and until then continue to believe the US has not factored issues with ASF in China. This with the strong uptrend in prices recently supports a bullish outlook.
Technicals 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...
Continuous 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...