April lean hog futures a selling opportunity on more price weakness.
See on the daily bar chart for April lean hog futures that prices are in a solid downtrend and the bears have the overall near-term technical advantage. A move below strong chart support at the December low of $90.25 would give the bears more downside momentum and it would also become a selling opportunity. The downside price objective would be $85.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $92.25.
