Lean Hogs
Technicals (July): July lean hogs were able to find follow-through momentum yesterday, inching closer to the pile of technical resistance. Trendline resistance from the March 31st highs and the 50-day moving average come in at 110.675, which comes right in line with the June 8th high. This will be a big hurdle for the Bulls to overcome. If they can, there's more roadblocks from 112.75 to 114.00.
Resistance: 110.675-111.00****, 112.75***, 114.00-114.825***
Pivot: 106.75-107.00
Support: 103.35-103.70****, 101.30-101.60**, 97.375-98.00****
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