Hog Futures Update
Hog Market Technical Analysis
Readers will remember the April 25th Hog Report, when we flipped bullish to bearish.
The report below describes how we interpreted the market and prepared the reader for lower hog prices.
We notified our readers when the Sell Signals triggered.
MAY 2022 Futures
From April 25:
The measured move produces a minimum target at 94.95, although this is unlikely to be reached before the contract expires.
Our strategy generates a sell signal below 107.50 on an entire Daily candle close below the trendline.
While the price has dropped dramatically, we anticipate a 1-4 candle bounce or slow down before resumption to our minimum price target of 94.95
JUNE 2022 Futures
From April 25:
The measured move produces a minimum price target of 101.10.
Our strategy generates a sell signal below 114 with an entire Daily candle close below the trendline.
June is down over 10% since our Sell Signal triggered and rapidly approaching our minimum price target.
JULY 2022 Futures
From April 25:
The measured move produces a minimum price target at 104.10
Our strategy generates a sell signal below 115 with an entire Daily candle close below the trendline.
July met our price target is down 10% since our Sell Signal Triggered.
AUGUST 2022 Futures
From April 25:
The measured move produces a minimum price target at 103.575
Our strategy generates a sell signal below 113 with an entire Daily candle close below the trendline.
The Sell Signal triggered, and August is down over 7.5% and is close to hitting the minimum price target.
OCTOBER 2022 Futures
From April 25:
The price is now below the yellow trendline on the Daily chart.
Once the price closes below the green 50 DMA, we will review the Weekly chart in greater detail.
It happened quickly with little to stop it from going lower.
DECEMBER 2022 Futures
From April 25:
The price is within an ascending channel above a rising 50 Day Moving Average.
The uptrend is strong; however, we will monitor how the price reacts to the bottom trendline and the green 50 DMA.
I anticipate this one going to 78-79.