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October Lean Hogs Closed Down on Thursday

29 August 2014, at 9:44am

US - October lean hogs closed down $0.42 at $95.50 Thursday.

Prices closed nearer the session high. Bears have the 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 $98.00.

The next downside price breakout objective for the bears is pushing prices below solid technical support at this week’s low of $92.75. First resistance is seen at $96.00 and then at $96.50.

First support is seen at $94.60 and then at $94.00.

Wyckoff's Market Rating: 3.0