October Lean Hog Futures a Selling Opportunity on Fresh Price Weakness
See on the daily bar chart for October lean hog futures that prices have made a rebound from a steep downtrend. A move below solid chart support at $100.00 would give the bears fresh downside momentum and it would also become a selling opportunity. The downside price objective would be $92.00 or below. Technical resistance, for which to place a protective buy stop just above, is located at $103.00.
