Lean Hogs
Technicals (July): Our "MUST HOLD" support pocket held again yesterday which was a silver lining, but I'm sure the Bulls would rather stop testing it. That pocket remains intact from 103.35-103.70. A failure here could take us back to fill the tiny gap left from May 16th, and potentially lower. On the resistance side of things, there are multiple...
Lean Hogs
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 4,335 futures/options contracts, through June 7th. This expands their net long position to 21,630. Broken down, that is 46,526 longs VS 24,896 shorts.
Technicals (July): July lean hogs were able to stabilize on Friday after defending MUST HOLD support on...
Lean Hogs
Technicals (July): July lean hogs were able to catch a bid yesterday, but the Bulls still have some work to do to make up for the back half of last week’s trade. 110.50-111.10 is the first hurdle, but the bigger hurdle comes in at the 100-day moving average, 112.50.
Resistance: 112.50***, 114.175-114.825***, 120.325-121.075***
Pivot:...
Lean Hogs
Technicals (July): July lean hog futures peeled back yesterday, trading near the low end of last week’s range. 106.65-106.975 is the support pocket that the Bulls need to defend to prevent a bigger technical pullback. On the resistance side of things, the 100-day moving average has been a brick wall, that comes in at 112.35, today.
Resistance:...
Sell June hogs market 112.50, 1st tgt 105.10, stop 117.55
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future...
Entry 12225
Stop 117.70
1st TP 126.90
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual...
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...
A few years back, China had amassed a 2.6 Year Supply of... you guessed it... Bacon.
Pork Bellies to be precise.
China, yeah, naw, they are not big on Bacon for breakfast, lunch, or dinner.
Frozen Bellied piled up and piled up for months on end.
Piggies have filled the Gap again.
The Potential for reversals in many commodities is rising, even for BAKE ON.
10.22.21 silver lean hogs: this is about about market dynamics the way I view it ...to make better trade decisions. I will try to put out a video this weekend as a follow-up.
Following a natural gas crunch hurting European countries , pig farmers have sounded the alarm that CO2 supplies are low hence could slow down pig slaughter. I expect this to push the price of pork around Europe and around the world higher.
Should a flag break out occur, there's a huge gap (20%+) waiting to be filled.
Continuous Hogs- Weekly: Currently plotting against the Oct contract. 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 hogs turned lower off the touch of the major uptrend line based off the 18’ low. Retracements can be used for support targets….
Further risk...
8.17.21 Hogs Part 2 This is part two you should start with part one. using hogs as an example, but this is about the process of trading so that you can trade any market of interest. They say TRADE WHAT YOU SEE, But at some point you need to learn that you will have to be very diligent to keep your tools in mind. In a way it is like needing to put your glasses on...
8.17.21 Tesla warning. Live Hogs. Part 1 This video and then next video are really about process, and what I think it takes to be more consistent and more successful in your trading. This is why I believe you will benefit if you listen to this video as well as part two even if you don't trade Tesla and the live hogs.
