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December Lean Hogs Closed Down Tuesday

24 September 2014, at 8:00a.m.

US - December lean hogs closed down $0.42 at $95.27 Tuesday.

Prices closed nearer the session high on the 24 September.

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 $96.30 and then at $96.75.

First support is seen at $94.50 and then at today’s low of $93.80.

Wyckoff's Market Rating: 5.0

Prices closed nearer the session high 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 $96.30 and then at $96.75. First support is seen at $94.50 and then at today’s low of $93.80.

Wyckoff's Market Rating: 5.0