PRK1! trade ideas
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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hell hath no fury like a trump who wants lower interest rateslast fed meeting the audible pulled was trade tensions via trump. lets see if we have a pattern here.
Lean Hogs Futures Price Pattern from April to July Each Year 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.
Lean Hogs longPrice 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 hog long ideaStrong support around 60$ on lean hog with more positive trade news suggests movement higher into the holiday season
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$
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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
Lean Hogs Idea HE1!I am expecting 4 more weeks of downside until the week of September 23 testing the yellow trendline.
After that, hopefully prices return to resistance around 92 as indicated by the blue arrow.
hogs anticipating furthering tensions in trade. hong kong hong kong is the turning point in the trade war.
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..
hogs likely limit down with cattleboth a trade war indicator of possible escalation incoming. today's wasde was bearish grains meaning supply is pretty plentiful, from a fundamental perspective that'll play a supportive role for the meat complex/the crush ratio. regardless of the fundamental picture, global trade is likely to hold this market hostage til a definitive resolution
wasde hold outwhat will the grains show? could we possibly see a change in consumer behavior? i still think based on the crush hogs still have a little ways to go. the crush shows feed prices vs hogs the hypothetical cost to grow a hog/bring to slaughter
