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October Lean Hogs Closed up Tuesday

by 5m Editor
10 September 2014, at 8:34am

US - October lean hogs closed up $2.67 at $105.75 Tuesday.

Prices closed near the session high and closed at a six-week high close today. Bulls have regained 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 $108.50.

The next downside price breakout objective for the bears is pushing prices below solid technical support at $102.00.

First resistance is seen at this week’s high of $106.15 and then at $107.00. First support is seen at $105.00 and then at $104.00. Wyckoff's Market Rating: 6.0