February Lean Hog Futures a “Swing-Trading” Buying Opportunity on More Price Strength
See on the daily bar chart for February lean hog futures that prices have rebounded from a strong support area and appear headed back to the top of the well-defined, recent trading range. This is a swing-trading buying opportunity. A move above chart resistance at Tuesday’s high of $89.65 would give the bulls fresh upside technical momentum and it would also become a buying opportunity. The upside price objective would be $94.00, or just above. Technical support, for which to place a protective sell stop just below, is located at $87.50.
