April lean hog futures a buying opportunity on more price strength.
See on the daily bar chart for April lean hogs that recent price action has negated a downtrend line. Prices have also just hit a six-week high. Bulls have gained upside near-term technical momentum. A move above chart resistance at Wednesday’s high of $93.00 would become a buying opportunity. The upside objective would be $96.00, or above. Technical support, for which to place a protective sell stop just below, is located at $91.50.
