LEAN HOGS FUTURES (HE1!) DailyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, in all asset categories and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
HE1! trade ideas
Hitting Resistance and Seasonality On Lean HogsNot only have we retraced up from a huge sell of last week, (profitakers?) We also have hit a resistance area for the last two days at 65.125. Seasonality is showing a 15 year solid short gain on the June/August Contract. With most possible entries in the current, this play should be considered in action. Thanks for reading
Lean hog futures looking to push higher after gap downA long red candle has formed on the daily chart. A strong gap down, however, I identified a volume cluster just below the current price. If buyers are strong, they will push the price up again. A strong demand zone is also just below the current price.
Our target is 1 to 1, and the stop is a close, on the daily chart, below the lower line.
Lean Hogs: Ranged 2-month plan. 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 towards the 1D Resistance. 2 way opportunities exist within this range. Make the most out of it.
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LEAN HOGS FUTURES +50%Hi guys,
Long:
LMT 1- 55$ (40 % of the planned investment amount)
LMT 2- 51.45$ (60 % of the planned investment amount)
TP: 84.25$
Comments and likes are greatly appreciated.
I wrote this article myself, and it expresses my own opinions and this is not a call for investment. I am not receiving compensation for it . I have no business relationship with any company whose stock is mentioned in this article.
hogs anticipating trade de-escalation for chinese new yearafrican swine flu is taking hold in china making pork prices extremely pricey in china. i expect a de-escalation in the trade front until after chinese new year. china is the largest buyer and producer of pork. if over half their herd is infected during the highest seasonal demand time. the common person in china would loose their ish. the fact is they need to source pork from other countries to meet demand at a reasonable price. they also will need to jiggle the reserve piggy bank to stabilize the inflation story in china. #hogsknowall
violent limit down likely- hogs smelling more tarriffs?chinese wanting to save face, but trump wanting to match. trump has to match. if the situation in hong kong turns bad, this has negative implications for Taiwan and US defense agreements with Taiwan. Taiwan is a pain point where where cold wars could potentially turn hot..