Hog Futures: August Lean Hogs Closed up Tuesday
US - August lean hogs closed up $2.10 at $131.07 Tuesday.
25 June 2014
2 minute read
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
