Hog Futures Update
Hog Market Technical Analysis
I became bearish on April 25 and outlined minimum price targets in the following report:
Most of these minimum price targets have been reached.
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.
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.
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.
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.
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.
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.