hopscotch

Three Drives December Hogs

Short
CME:HEZ2019   Lean Hog Futures (Dec 2019)
We may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears at 62.475. Hog market in lead April is continuing a down move to double bottom and hog index is falling and now nearing 57.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.