Continuous Hogs- Weekly: Currently plotting against the Oct contract. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points All time high at 133.60, but hogs turned lower off the touch of the major uptrend line based off the 18’ low. Retracements can be used for support targets….
Further risk in the 75.00 – 70.00 area for 4th qtr Hogs or around the 1st week of October
Further risk in the 75.00 – 70.00 area for 4th qtr Hogs or around the 1st week of October