August lean hog futures a buying opportunity on more price strength.
See on the daily bar chart for August lean hog futures that prices are in an uptrend and have just hit a four-month high. The bulls have good upside technical momentum. A move above technical resistance at Wednesday’s high of $94.05 would become a buying opportunity. The upside objective would be $98.00 or above. Technical support, for which to place a protective sell stop just below, is located at $92.00.
