#HE_F $HE_F #LeanHogs - BULL SPREADBull spread HEZ18-HEG19 goes extremely down. It should go back in standard price channel around 4 - 8 again. It is a bit risky one and there have to come a good price action entry point.
PRK1! trade ideas
October Hogs Bearish GartelyHogs moving into a potential Bearish Gartley pattern. RSI is coming to a high point at R2 59.900. Resistance comes at 62.900 just under R3. Possible entry previous pivot at 61.375 for reversal. Hog index is falling and is now at 54.21.
HEQ2018 Price Target 66.15Expecting huge Commodity shift in the next coming days
We are sitting on the bottom of the Apocalypse Band our larges band on the hourly chart
which means in the next 10-15 days there should be a very nice bounce as we attempt to revert to the mean of the Arbitrage Band our smallest band.
Lean Hogs levels - Factoring in the quote below, I think a Retracement of the move we saw, is in order.
- Also, given the historic price action a Retracement does seem likely.
Great little quote from some Forbes article:
"According to a United States Department of Agriculture (USDA) report, feeding China’s steadily increasing livestock population is a growing challenge. It takes about 3 kilograms of feed to produce each kilogram of meat. As a result, the USDA predicts China’s combined use of soy meal and corn 0.72% for animal feed will rise from 200 'mmt to more than 300 'mmt over the 10-year projection period.
Much of this feed grain must be imported. The USDA expects China’s soybean -0.30% imports to reach over 70% of global soybean -0.30% imports by 2024. It also anticipates that China will account for 40% of the rise in global corn 0.72% trade over the coming decade."
The counter argument could be summed up best by the wall street journal article: www.wsj.com
#HE_F $HE_F #LeanHogs - Bull spreadBull spread HEZ18-HEG19. ENTRY -6,250 / SL -7,250 ($400/contract) / PT -4,000 ($900/contract)
October Hogs bearish CypherOctober hogs lifting off of the S2 after being sold off last two weeks. Upside target for bulls is at S1, 62.900. A lot of overhead must be cleared before significant upside can materialize. One of them being the 20 day MA and significant sell orders at 63.775. The Hog index has turned around and is now rising again from lows of 62. Index is now at 69.
June Lean Hogs Bearish CypherNew pivots for June Hogs. Predicting Bearish Cypher Hogs showing bear flag today. Need confirmation tomorrow. Possibility to progress further up so stay on your toes. Short final target S2 at 68.625. Moving Average at 75.525 becomes resistance. If break of MA, then uptrend may continue without fall to S2. Hog index is rising again. At 62. If this goes down, first target S1 at 70.70.
Lean Hogs - pressure from sellersSorry the SELL STOP LIMIT is at price 74.55 as is shown in chart.
Thanks
Lean Hogs FuturesRejected at 100ma, 0.786, fall to 0.705 and 20+55ma and try to burst out of kumo or retrace to support at 0.618
June Lean Hogs Bullish ButterflyNew pivots for the month of April have been formed for June Lean Hogs. Target is between S2 and S3 71.650 and 69. Hog index continues to fall now at 58 for April contract. Corn prices were on the rise after USDA report, but the feverish buying on Thursday before the holidays seems to have tapered off today. Until 20 day MA is crossed for Hogs, and is solid above this line, we will be in a downtrend. We may get sideways trading nearing S3 if index doesn't turn around.
Are we going to see low 40s?Carcass prices are steady 70 cents. Will this drop continue? I'm thinking around 43s
Lean Hog Bullish BatJune Lean Hog predicted Bullish Bat pattern. Next downside target S1 at 71.125. Under 20 day MA should be a long run down.
April Hogs Bearish ButterflyApril Hogs index is moving up again as RSI on hogs is oversold. Next projected analysis is a bearish butterfly. Doji appeared today at R3. Expect up move for Friday. Confirmation needed. Support for now comes in at S3. There could also be a double bottom before last move up. We are initially setting this a S2.
could happen scenariohad a nice move at the end of session friday do not think it is over lean hog contract j
Hogs going back upI think we're going to see it fall within the trend line this year. We didn't get to see the anticipated LOW and stopped, but I think it will remain within range.
April Hogs Three Drives Bullish CypherApril Hogs has created a bearish flag and top of a bearish three drives. Need confirmation before taking an interest in this bearish scenario. We have seen a fight with bulls and bears in the past week keeping hogs high. It happened again today. Index once again fell, so the logical action would be to sell, but when have futures been logical. Bears have been very active with more sells than buys, but funds supporting further highs. Hog inventories 2% higher at this time last year. If bears can push this down off of bearish flag tomorrow target is 73.425 at pivot
Feb Hogs Possible Bullish Butterfly.Feb Hogs may be setting up for a bullish butterfly. Hogs fell off a bearish flag today. Next downside target for bears is breaking S1 at at 67.150 and running at 65.200 S2. Index is now at 67 and we should see fall to 66.5 tomorrow at the rate the index has been falling for the last week. There is a big support area down at 64 which traces back to August 2 and June 16. If index continues to fall, we might see this break.
February Lean HogsFeb lean hogs produced a bullish flag and the hog index has risen steadily over the last two weeks. Projecting prices to move to 72.600 creating a bearish butterfly. Market has gone out of the pivot point projections for Fibonacci. As long as the index continues going up, this price projection will rise. Dec Hog index now at 68.28. Pork production is high, but so is exports. USDA project lower prices because of production in 4th quarter and into 2018. RSI is still holding line from previous quarters.
December futures
4th quarter rally is under wayFour of the past five years have seen the 4th quarter begin a substantial rally that last through Q2.
December Hogs BatDecember Hogs maybe ending a bearish Bat pattern and setting up for another bullish Bat. Today it created a long legged doji from 3 drives pattern. 64.075 becomes resistance. If broken more upside would ensue but I don't predict much higher as R3s are pretty rare air in this next pivot session. At the moment need confirmation of direction. RSI is beginning to tap out.
