Lean Hogs look like a good set-up for a LONG position, basis Feb 06 contract. Any weakness within the next few days and I will buy.
1) Key Reversal, after support.
2) 38.2% Fibonacci retreacement (just exceeded)
3) Closed back above the trendline.
4) Oversold Stochastics and RSI based at 40 (uptrend low)
Objective 7000-7200 (basis Weekly continuous Feb 06 Chart)
1) Key Reversal, after support.
2) 38.2% Fibonacci retreacement (just exceeded)
3) Closed back above the trendline.
4) Oversold Stochastics and RSI based at 40 (uptrend low)
Objective 7000-7200 (basis Weekly continuous Feb 06 Chart)