Hogs - Weekly Continuous: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The deferred contracts can use the uptrend/downtrend lines to determine areas to be hedged. The June 21' high has provided a pivot for a down trend line that has acted as a strong area of resistance. Currently...
Continuous Hogs- Weekly: Currently plotting against the December contract. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points.
Lean Hog has a gap below that has me intrigued but I am not sure how or if it will fill. I will also note this interesting but obvious correlation that I found with oil. We have some interesting inverse correlations on 2/18, 3/17, 3/25 among other days but otherwise similar chart patterns between the two. I am not sure how or why lean hogs front ran the oil pump...
Continuous Hogs- Weekly: Currently plotting against the February contract. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points. The Red uptrend line off the Covid Crash low is trying to maintain the overall strength in Lean Hogs. A firm break below could find support at any of the dashed...
7.28.21 Lean Hogs This is a more detailed discussion about about how to think about this as a buy and a seller and about the structure and market dynamics around your trade decisions. This is worth at least one viewing if you are new to my posts.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, for any asset category and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, in all asset categories and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, in all asset categories and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
Leans Hogs is on a strong rejection this first few session of 2020, after the top on the 72.100 1D Resistance. The price is currently testing the 1D MA50 (blue line) which has been acting as the pivot since October.
With the long term Higher Low trend line (since August 2018) providing Support, we are expecting a bounce on the 61.400 Symmetrical Support back...
Lean Hogs (HE1!) are on a 1D Channel Up (MACD = 2.610, Highs/Lows = 4.5150, B/BP = 9.0280) but highly overbought (RSI = 72.148, STOCHRSI = 96.420) hence in need of a technically pull back. Based on the recurring patterns this will come in the form of a consolidation/ slow down and not a standard pull back. The next Higher High and TP is projected at 70.000.
In the chart above I've plotted average cattle prices since February of 1980. I found that a 30 year view is typically enough to see the big picture in a market. Prices closed today (9/6/16) nearly exactly at par, which has been a major level since 2003. From its all time low (53.xx in July 1985) to its peak (170.xx on Nov 2014), the .618% retracement sits at...
My long trade is the assumption that the breakdown on the log chart is a false breakout. I trade based on LOG almost entirely, but there is a mixed bag of data here that leads me to believe it is worth considering both metrics (log vs arithmetic). Many traders dislike trend lines - this is just one of those reasons among many. The way I deal with these situations...
