HE1 Lean Hogs IdeaHE1!
I am looking at a support in the green rectangle before continuing to test the recent highs at 92.75.
PRK1! trade ideas
Limit down hogs pointing to more tarriffs aheadAug 12 crop report may offer support but Outlook is bleak at best
waiting for a trade deal? don't hold your breathhogs are one of my indicators on trade front. a lot of optimism and hope. i think its about to drastically pull back which is unique. hogs have a few factors working in its favor, it just shows how bad things really may be
Lean Hogs: 3 tier long term buy opportunity.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 below this MA200 consolidation belt and towards the previous 2 lows which now represent a 3 tier buy opportunity: 55.100, 48.000 and 41.000.
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year of the pig-- implications of trade vs weather vs swine fluAfrican swine flu is a big problem within china, I expect purchases from mainlain china to continue, however trade influences may change the dynamics of the pace as china seeks out an alternative sources.
in combination with china trade, african swine, weather is affecting the overall strenght of the pork market during grilling season.
i see more pain ahead. it's been a wild ride in pork stay safe and have fun
Volume collapsed Classic price collapse is going to occur yes the African swine fever is still going on, but trading volume is telling us to short the market
year of the pig- wowwow. just wow. the anticipation made last month over african swine flu is looking good. this is also a trade war indicator...
Lean Hogs ready to go up because of grilling season coming ?Lean Hogs are moving by strong seasonality - after grilling season ends (usually at June to August) the price usually goes sharply down. After that big move, price usually goes up until end of grilling season. Price is also at historical strong ressistence + COT report is also extremely bullish ( it shows us positions of biggest players in the market).
LEAN HOGS FUTURES (APR 2019), 1D, CMETrading Signal
Long Position (EP) : 61.325
Stop Loss (SL) : 60.05
Take Profit (TP) : 63.875
Description
HEJ2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (61.325) and place stop after 0.618 level (60.05). Once the position was hit, place take profit before an agreement (63.875)
Money Management
Money in portfolio : $1,000,000
Risk Management (1%) : $10,000
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $1.2750 = -$510
Contract size to open = 19 standard contracts
EP to TP = $2.5500 = +$1020
Expected Result
Commission Fee = -$110.2
Loss = -$9,690
Gain = +$19,380
Risk/Reward Ratio = 1.97
lean hogs a great opportunitya leading indicator for trade talks but also effected by african swine flu. there's an underlying bullish bias but may take time and patience
Three Drives December HogsWe may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears at 62.475. Hog market in lead April is continuing a down move to double bottom and hog index is falling and now nearing 57.
LEAN HOGS FUTURES (FEB 2019), 1D, CMETrading Signal
Long Position (EP) : 60.2
Stop Loss (SL) : 59.5
Take Profit (TP) : 61.6
Description
HEG2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (60.2) and place stop after 0.618 level (59.5). Once the position was hit, place take profit before an agreement (61.6)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $0.7 = -$280
Contract size to open = 10 standard contracts
EP to TP = $1.4 = +$560
Expected Result
Commission Fee = -$58
Loss = -$2,800
Gain = +$5,600
Risk/Reward Ratio = 1.94
Head and shoulders developing on April HogsHogs index started to rise beginning of week. April market well ahead of index. Head and shoulders appears to be developing. Right shoulder may climb a little higher before fully developing, or it may fall from here. Keeping a watch to see if market breaks pivot and stays above. R1 would be significant resistance at 71.325. Neckline at S1 66.325. Let's see what plays out. Drop shouldn't be too significant as last shoulder at the moment isn't that tall.
The FUTURE High / Low price swing dates for HE1! (Hogs - lean)These are the FUTURE dates for HE1! (Hogs - lean) with the highest probability for experiencing a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
February Hogs Falling Index.The hog index continues to fall now at market today. Expect continued move downward. Retracement is at the 20 day MA. We are in a fall from a double top at 67.675. Upward trend line would have to broken and stayed below for a complete fall to occur. First target would be back to S2 at 58.375. RSI trend is down for now.
Lean hogs Dec 18the hogs are trading with larger than usual discount because of pigs huge weights, yet USDA not sink the mandatory prices too much because of good export volumes.
December Lean Hogs Mutiple setupsDec Hogs took a run at the ever increasing index now at 69.31 for the Oct contract. This appears to be heading for a double top. We have a few things developing for Dec. In short term a possible head and shoulders bring it down to S2. In long term we have a Elliot Wave in its 3rd position. New Pivots have formed for the month of October. If this market explodes further upwards we would be heading for a double top at 66 for Dec.
1D Channel Up. Long.Lean Hogs (HE1!) are on a 1D Channel Up (MACD = 2.610, Highs/Lows = 4.5150, B/BP = 9.0280) but highly overbought (RSI = 72.148, STOCHRSI = 96.420) hence in need of a technically pull back. Based on the recurring patterns this will come in the form of a consolidation/ slow down and not a standard pull back. The next Higher High and TP is projected at 70.000.
Lean hogs upside potentialoverall chart shows lean hogs was at one if its lowest and now will go up. Symmetrical triangle shows it will go up because it doesn't make sense for a down move. The overall chart wants to break upwards. Going long!
#HE_F $HE_F #LeanHogs - BULL SPREADBull spread HEZ18-HEG19 goes extremely down. It should go back in standard price channel around 4 - 8 again. It is a bit risky one and there have to come a good price action entry point.
