Technicals, May 15, 2012; 9:15am
In 08-May's Technical Blog we introduced the factors that could contribute to a base/reversal environment in Jun hogs, including:
Yesterday's break above last Wed's 85.45 high confirms the short-to-intermediate-term trend as up and a bullish divergence in momentum that reinforces a count calling for at least a larger-degree correction higher, but quite possibly a recovery of surprising strength.
RJO Market Research and Trading (RJO MRT) brings you the latest research on commodities and futures. They specialize in technical and fundamental analysis on all your major markets including: financial, agricultural, energy, foreign exchange, soft and metal markets.
As a hub for information, RJO MRT offers several forms of delivery to meet the needs of a vast audience. They strive to stay at the front of the markets by providing their followers with everything from market insight to trade strategies.
RJO MRT prides itself with using a combination of technical conditions and fundamental inputs such as economic or crop reports to help guide their viewers towards driving price discovery.