October Lean Hogs Closed Down on Thursday
US - October lean hogs closed down $0.42 at $95.50 Thursday.
29 August 2014
2 minute read
By: 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
