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December Lean Hogs Closed Down on Thursday

26 September 2014, at 7:32am

US - December lean hogs closed down $1.52 at $93.70 on Thursday 25 September.

Prices closed near mid-range today. Bulls and bears are on a level near-term technical playing field amid choppy trading recently.

The next upside price objective for the hog bulls is to push and close prices above solid chart resistance at the September high of $99.00.

The next downside price breakout objective for the bears is pushing prices below solid technical support at last week’s low of $90.90.

First resistance is seen at today’s high of $94.90 and then at this week’s high of $96.30. First support is seen at $93.00 and then at today’s low of $92.25.

Wyckoff's Market Rating: 5.0