may not be worth anything------this week last year, Aug hogs put in a low @ 74.57 and ended the week @ 77.67. The following week it continued to climb to 81.37 to complete a 6.80 rally. I continue to believe Aug will get the addictive fix for at least its $5 rally between July 18th to the first days of Aug some years it manages to grab a $10 rally. The July 20th-24th time frame seems to be the favored time window to start that $5 pop. There has been 2 years out of the last 9 that Aug did not get that $5 rally but the percentages highly favor at least a $5 move higher after Aug becomes front month.
I have to respect and expect that to happen again this year, so I keep my north end lines working and each day I bring them down a bit for the adjustment to match the up momentum break but my south end lines keep getting hit by suckers which is my expectation. The sucker deposits are nothing to brag about but at some point a pair of those suckers will be a donation. That doesn't bother me because the sucker donation should bring on the north end dinner bell. Which in turn should start a round of profit taking for better deposits that come from the north end.