Lean Hog Futures (Feb 2017)

Lean Hogs Retract Overbought

89
Feb Lean Hogs hit the ceiling today with a double top pull back. Looking for another day of down getting rid of the overbought market. 59 may be a target. Not sure it will fall that much. Open interest was low so not that many bulls bailed. Will still look for hogs to climb to 64 at some point. There still seems to be plenty of bull power behind this market.

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