Lean Hogs Catch Their Breath
Lean Hogs
Technicals (July): July lean hogs were able to breakout above trendline resistance and the 50-day moving average which led way to an extension to our next resistance level mentioned in yesterday’s report, we’ve defined that wide ranging pocket as 112.825-114.00. Previous resistance will now act as support, that comes in near 110.50-111.475.
Resistance: 112.85-114.00****, 117.025-117.85**
Pivot: 110.50-111.475
Support: 103.35-103.70****, 101.30-101.60**, 97.375-98.00****
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