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December Lean Hogs Closed Up on Monday

30 September 2014, at 9:59am

US - December lean hogs closed up $0.40 at $94.92 on Monday 29 September.

Prices closed near the session high today and scored a bullish “outside day” up on the daily bar chart.

Bulls and bears are still 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 the September low of $90.90. First resistance is seen at today’s high of $95.30 and then at $96.00.

First support is seen at $94.00 and then at $93.00.

Wyckoff's Market Rating: 5.0