LH on the Daily chart can it hold and confirm an uptrend forming a bullish sentiment lets see how the trend goes...
Leans Hogs is on a strong rejection this first few session of 2020, after the top on the 72.100 1D Resistance. The price is currently testing the 1D MA50 (blue line) which has been acting as the pivot since October. With the long term Higher Low trend line (since August 2018) providing Support, we are expecting a bounce on the 61.400 Symmetrical Support back...
April and July are key months in price action for lean hogs. This past year it seems people got smart and tried to pre-trade the historical trend, as evidenced from the earlier upswing to the earlier downswing.
Price may end the correction of the primary long trend with yesterday's marubozu candle. Important levels are shown in the chart, and if the price closes above 80, it has a chance to reach above 100. Target zone is at 114-123. This is a long term prediction on HE2!
Lean Hogs have been trading sideways since late 2015 and on the monthly chart is best illustrated by the neutral monthly chart (RSI = 51.940, Williams = -47.019, CCI = 34.8246, Highs/Lows = 0.000). On 1D the MA200 works as a pivot attracting the price always after an annual High or Low. The price is currently trading above so we are expecting a sharp decline...
Sorry the SELL STOP LIMIT is at price 74.55 as is shown in chart. Thanks
Waiting for the peak for a while - although the pork associations and sponsored publications are claiming that we'll have a long rally - I don't believe that. For the rest of the year should concentrate on shorts.
Does not look good to me. I see prices falling here into the 60´s.
What an extremely sharp move after a crossover deep below overbought range, right before a huge day on 1-30-15. I wish I could say that I rode this all the way up to it's top but I had a nice little profit at 10.875 and exited when it leveled off after it's strong open just over 11.000. Looking at it now, a trailing stop using the last 14 days Average True Range,...