October lean hog (HEV26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for October lean hog futures that Wednesday's selloff put a price uptrend in serious jeopardy. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. Seasonality studies also are now favoring the hog market bears.
Coffee Prices Retreat as Brazilian Real Weakness Spurs Long Liquidation
Cocoa Prices Settle Mixed on Consolidation Above Recent Lows
Is Farm Land a Commodity or Family Heirloom?
#october #macd #price
See on the daily bar chart for October lean hog futures that Wednesday's selloff put a price uptrend in serious jeopardy. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. Seasonality studies also are now favoring the hog market bears.
Coffee Prices Retreat as Brazilian Real Weakness Spurs Long Liquidation
Cocoa Prices Settle Mixed on Consolidation Above Recent Lows
Is Farm Land a Commodity or Family Heirloom?
#october #macd #price
3 months ago
