July lean hog futures a buying opportunity on fresh price strength.
See on the daily bar chart for July lean hog futures that prices are still in a choppy uptrend from the April low. A bullish head-and-shoulders bottom reversal pattern has also formed on the daily bar chart. The bulls would gain fresh upside near-term technical momentum by pushing prices above resistance at $92.00. That would also become a buying opportunity. The upside price objective would be $96.00, or above. Technical support, for which to place a protective sell stop just below, is located at $90.00.
