April lean hog futures a selling opportunity.
See on the daily bar chart for April lean hog futures that prices are in a choppy 10-week-old downtrend and on Wednesday careened to a fresh four-month low. The hog bears have gained solid downside technical momentum this week. A move below chart support at $86.00 would become a fresh selling opportunity. The downside price objective would be $83.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $87.50.
