February Lean Hog Futures a “Swing Trading” Buying Opportunity on Fresh Price Strength
See on the daily bar chart for February lean hog futures that prices have moved down into the bottom region of the recent choppy and sideways trading range. If prices can push above resistance at $86.00 the bulls would regain some upside momentum and it would also become a “swing-trading” buying opportunity. The upside price objective would be $92.00 or above. Technical support, for which to place a protective sell stop just below, is located at $83.30.
