October Lean Hogs Closed up Wednesday
US - October lean hogs closed up $1.50 at $101.37 Wednesday.
4 September 2014
2 minute read
By: Prices closed near the session high and hit a four-week high.
Bears have the slight overall near-term technical advantage. However, the bulls are now making a strong move, and following the cattle futures.
The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at $103.00.
The next downside price breakout objective for the bears is pushing prices below solid technical support at $98.00. First resistance is seen at today’s high of $101.45 and then at $102.00.
First support is seen at $101.00 and then at $100.00.
Wyckoff's Market Rating: 4.5
