Hog Futures: August Lean Hogs Closed up Thursday13 June 2014
US - August lean hogs closed up $0.90 at $130.85 Thursday.
Prices closed near the session high and hit a contract high today. The hog bulls have the solid overall near-term technical advantage.
The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at $132.00.
The next downside price breakout objective for the bears is pushing prices below solid technical support at $127.50.
First resistance is seen at today’s contract high of $130.85 and then at $131.50. First support is seen at $130.00 and then at today’s low of $129.55. Wyckoff's Market Rating: 8.5ThePigSite News Desk
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