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Hog Futures: August Lean Hogs Closed up Wednesday

by 5m Editor
12 June 2014, at 7:53am

US - August lean hogs closed up $0.20 at $129.95 Wednesday.

Prices closed near the session high. The hog bulls have the solid overall near-term technical advantage.

The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at $132.00.

The next downside price breakout objective for the bears is pushing prices below solid technical support at $126.75.

First resistance is seen at the contract high of $130.30 and then at $131.00. First support is seen at this week’s low of $129.40 and then at $129.00. Wyckoff's Market Rating: 8.0