Lean Hog Futurescast Articles


(LH) Hogs Take Another Base/Reversal Step
By: RJO MRTMay 15th, 2012 9:25AM CDT

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: the market's current proximity to the extreme lower recesses of the past 8-month range shown in the weekly log chart below amidst the lowest (44%) MRT Bullish Sentiment inde....
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 - (LH) Hogs Take Another Base/Reversal Step




(LH) Something's Gotta Give; Pivot Hog Directional Bias Around S-T But Key $0.8590
By: RJO MRTMay 8th, 2012 7:50AM CDT

Technicals, May 8, 2012; 7:25am For the past 2-1/2-months the hog market has been getting hammered. Following an interruptive early-Apr bullish divergence in momentum that only resulted in an interim corrective pop, it is clear in the daily chart below shows that the trend remains down and should not surprise by its continuance or acceleration. ....
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 - (LH) Something's Gotta Give; Pivot Hog Directional Bias Around S-T But Key $0.8590




(LH) As Hogs Approach Lower-Range, Tighten Bear Risk to $0.8825
By: RJO MRTMay 2nd, 2012 8:48AM CDT

Technicals, May 2, 2012; 7:55am While the extent and impulsiveness of the last couple months' 14% collapse in the Jun contract exposes a long-term bearish count that suggests the recovery from last Sep's 82.40 low is only a 3-wave and thus corrective structure ahead of steep sub-82-losses, the market's return to the lower-quarter of t....
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 - (LH) As Hogs Approach Lower-Range, Tighten Bear Risk to $0.8825




(LH) $0.8990 Key to Hog Recovery, But Fibs, Waves Warn Slide May Be Ending
By: RJO MRTApril 20th, 2012 8:33AM CDT

Technicals, April 20, 2012; 8:05am The daily bar chart of Jun hogs below shows the magnitude of the past couple months 13% collapse. Arguably and minimally, strength above at least former 89.90-area support-turned-resistance is required to put a dent in this clear and present bear trend, let alone threaten a reversal. But for reasons discussed b....
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 - (LH) $0.8990 Key to Hog Recovery, But Fibs, Waves Warn Slide May Be Ending




(LH) Hog Techs Turn Positive...Again
By: RJO MRTFebruary 15th, 2012 8:38AM CST

Technicals, February 15, 2012; 5:50am In what has proved to be a volatile first two weeks of February, the market's sharp rebound yesterday from the area around the (88.00) 61.8% retrace of late-Jan/early-Feb's 86.30 - 90.75 pop has exposed the sell-off attempt from 02-Feb's 90.75 high as a 3-wave affair as labeled in the 240-min chart....
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 - (LH) Hog Techs Turn Positive...Again




(LH) Hog Pop- Correction or Reversal?
By: RJO MRTJanuary 18th, 2012 7:50AM CST

Technicals, January 18, 2012; 6:55am In Thur afternoon's Technical Blog we discussed the prospect for at least an interim recovery stemming from the combination of the market's proximity to the extreme lower recesses of the past month's range amidst a developing bullish divergence threat in short-term momentum. This divergence was conf....
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 - (LH) Hog Pop- Correction or Reversal?




(LH) 09-Nov Low Break, Still-Frothy Sentiment Leave Hogs Vulnerable to Further Losses
By: RJO MRTDecember 9th, 2011 9:35AM CST

Technicals, December 9, 2011; 8:55am Whether this morning's new Globex lows below 09-Nov's key 86.80 low will be corroborated by day-session prices remains to be seen, but the reaction to this morning's WASDE report does nothing but reinforce the weakness and vulnerability that was exposed following 01-Dec's momentum failure below....
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 - (LH) 09-Nov Low Break, Still-Frothy Sentiment Leave Hogs Vulnerable to Further Losses




(LH) Hogs, Cattle still Penned Up After Latest Intra-Range Failures; Beware Lower Prices
By: RJO MRTDecember 5th, 2011 8:30AM CST

Technicals, December 5, 2011; 7:50am Thur's failure below 28-Nov's 90.50 corrective low confirmed the bearish divergence in momentum we discussed in 30-Nov's Technical Blog that led to Fri's steeper plunge. As the daily chart below shows, the intermediate-term trend is once again confirmed as down that at least perpetuates the pa....
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 - (LH) Hogs, Cattle still Penned Up After Latest Intra-Range Failures; Beware Lower Prices




(LH) Hog Failure Defines $0.9225 High, Risk Ahead of Expected Relapse; Cattle Still Penned in Range
By: RJO MRTNovember 29th, 2011 8:09AM CST

Technicals, November 29, 2011; 7:35am Within an hour of yesterday's Technical Blog that discussed a developing bearish divergence threat, hourly chart below shows that the market failed below last Wed's 90.80 corrective low needed to confirm the divergence that now defines Fri's 92.25 high as the end of Nov's recovery from 86.80. ....
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 - (LH) Hog Failure Defines $0.9225 High, Risk Ahead of Expected Relapse; Cattle Still Penned in Range




June Hogs
By: Alex TothMay 3rd, 2011 12:18PM CDT

After about a week straight of steep losses, today's break below 15-Mar's 94.52 low confirms that the intermediate-term trend is down and steeper losses could follow in the next week or two. The next technical level of any sort of merit is 05-Jan's minor corrective low of 91.40. But given the impulsiveness of the current downturn, thi....
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 - June Hogs




ESM2 Jun '12 Emini S&P 475 132725 9:35:03 PM                  GCLM2 Jun '12 GBXCrdOil 25 9306 9:34:44 PM                  ZCN2 Jul '12 GBX Corn 14 6214 9:35:05 PM                  ZBM2 Jun '12 GBX BOND -70 146190 9:34:46 PM                  IDXM2 Jun '12 ICE $Index -59 81465 9:44:31 PM                 


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