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Lean Hog Futures (Jul 2017)
Short

Lean Hogs Bottomed Out

By hopscotch
Updated
June Lean Hogs rose today off oversold conditions and a bullish Butterfly Pattern. Next upside target 71.375, and then 72.825 to start forming a projected Bearish Cypher pattern.
Note
Hogs blew through 71.375 and made target 72.825. Next upside target 74.325 then 75.250. If fail target 71.725 then 71.
Note
Hogs met target and then some. May reach as high as 77.75 putting it at 88.6% retracement FIB.
Note
Hogs a little tipsy today. 75.600 becomes resistance. Possible break to the downside Tuesday. Corn up today so if Corn continues to rise Hogs may crash.
Note
New graphical projection for Hogs

snapshot
Bearish CypherBullish Butterfly
hopscotch
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