Continuous Hogs- Weekly: The July Contract is driving the continuous chart. 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 we appear to be turning appropriately off the recent 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 around the 1st week of October
Further risk in the 75.00 – 70.00 area for 4th qtr Hogs around the 1st week of October
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