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

News

October Lean Hogs Closed Up Thursday

22 August 2014

US - October lean hogs closed up $1.25 at $93.75 Thursday.

Prices closed nearer the session high on short covering after hitting a 5.5-month low early on today.

A steep six-week-old downtrend is still in place on the daily bar chart.

Bears still have the solid near-term technical advantage. The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at this week’s high of $96.52.

The next downside price breakout objective for the bears is pushing prices below solid technical support at $90.00. First resistance is seen at $94.00 and then at today’s high of $95.05.

First support is seen at $93.00 and then at $92.00.

Wyckoff's Market Rating: 2.5

ThePigSite News Desk



Share This

News By

Related News

More News

NFU rejects house farm bill

News from United States   19 April 2018

Our Sponsors

Partners


Seasonal Picks

Piglet Nutrition Notes - 5m Books