Hog Futures: August Lean Hogs Closed up Tuesday

by 5m Editor
25 June 2014, at 8:23am

US - August lean hogs closed up $2.10 at $131.07 Tuesday.

The hog bulls have the solid overall near-term technical advantage and regained upside momentum today.

The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at the contract high of $132.65.

The next downside price breakout objective for the bears is pushing prices below solid technical support at this week’s low of $128.52.

First resistance is seen at today’s high of $131.90 and then at $132.65. First support is seen at $130.00 and then at today’s low of $129.25. Wyckoff's Market Rating: 8.0