for additional downside for June hogs. This does not mean it HAS to go there or go down anymore than todays low. The 81.50-82.00 area is a potential support area that is a Balance qualifier. We now have a $2 range of play for sideways, if that's the game the market wants to play. The north end of my fishing pond is 83.47 with a sucker extension to 83.70 for the resistance. The south end of my fishing pond is todays low at 81.30 with a sucker extension to 81.00.

The direction look from todays trade suggests that the complete Balance move is still playing out with more downside needed to fully, "precision Balance" the extended move above 83.00. No rule that says the market has to trade to perfection. The quick rejection of resistance at 83.40 did not reverse the down momentum of the last 4 days. Staying above 82.00 is a clue that an attempted momentum reversal is still trying but failing to stay above todays pivot number 82.65(yesterdays high) is a clue that attempt is failing. The next downside target comes into play at 80.50-80.70 but only activated on a break of 81.30. May or may not happen. Critical support for June hogs is the April 30th low at 80.37. Daily close below that will force me to pull my BEAR SUIT back out of the closet.