Feed markets Coronavirus (COVID-19) Market Trends

Pork-price recovery stalls in May, but likely to resume in June

22 May 2020

2 minute read

By: Jim Wyckoff

Bears regain near-term technical advantage, and a drop below chart support at $55.00 would suggest retest of April low, or below. Bulls need to step up and show more power very soon. — Bears regain near-term technical advantage, and a drop below chart support at $55.00 would suggest retest of April low, or below. Bulls need to step up and show more power very soon.
© Jim Wyckoff

Prices in solid overall downtrend. Bears still in firm control. No early clues to suggest market bottom in place. — Prices in solid overall downtrend. Bears still in firm control. No early clues to suggest market bottom in place.
© Jim Wyckoff

Corn bears have overall technical advantage but recent sideways trading begins to suggest a market bottom is in place. — Corn bears have overall technical advantage but recent sideways trading begins to suggest a market bottom is in place.
© Jim Wyckoff

Jim Wyckoff

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