December Lean Hogs Closed Down on Wednesday

25 September 2014, at 7:27am

US - December lean hogs closed down $0.125 at $95.12 on the 25 September, 2014.

Prices closed nearer the session low today. Bulls and bears are on a level near-term technical playing field amid choppy trading recently.

The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at the September high of $99.00.

The next downside price breakout objective for the bears is pushing prices below solid technical support at last week’s low of $90.90. First resistance is seen at this week’s high of $96.30 and then at $96.75.

First support is seen at $94.50 and then at this week’s low of $93.80.

Wyckoff's Market Rating: 5.0