February Lean Hog Futures a Buying Opportunity on More Price Strength
See on the daily bar chart for February lean hog futures that prices are in a steep short-term uptrend and have just hit a five-week high. The bulls have upside technical momentum. A move above resistance at Monday’s high of $93.12 would become a buying opportunity. The upside price objective would be $100.00 or above. Technical support, for which to place a protective sell stop just below, is located at $90.00.
