Seasonally weak till late October. Hogs have reached resistance at 99.500. Price action over the last few days suggests that a reversal is in place. I expect a quick fall during the next 2-3days back to the 1/1 Gann and 20 MA where another consolidation could take place.
Kommentarer
LEONES
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Stopped, hogs trading higher
littleriver
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Maybe not . Nice engulfing candle today at upper fib.
LEONES
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Agreed, entered short again
LEONES
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Today outside bar is a further confirmation of the top
ozatrading
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news are bad for them....watch out.
LEONES
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which news?
ozatrading
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hogs have porcine epidemic diarrhea (PED)- 13 states
LEONES
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thank you but I think these news are already discounted in the price