- news, features, articles and disease information for the swine industry


Wyckoff's Closing Report: Hog Futures Higher

14 February 2014
Jim Wyckoff Commentary -  TheCropSite

US - April hogs closed up $0.55 at $94.93. April hog closed higher on Thursday and the mid-range close sets the stage for a steady opening when Friday's night session begins trading.

Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near.
Closes below the 20-day moving average crossing at 93.73 are needed to confirm that a short-term top has been posted.

If April extends the rally off January's low, October's high crossing at 96.45 is the next upside target. First resistance is today's high crossing at 95.40.

Second resistance is October's high crossing at 96.45. First support is the 20-day moving average crossing at 93.73. Second support is the reaction low crossing at 91.60.

ThePigSite News Desk

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any traders and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 1. Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

Share This

News By

Related News

More News

Hypor Libra* shines brightly

News from European Union   18 October 2017

Our Sponsors


Seasonal Picks

The Commuter Pig Keeper - 5m Books