Buy August hogs. Buy 74.62 stop. Protective stop 72.97. Potential projection 80.17. (Potential risk $660. Potential reward $2220). Margin: $1430.
Reasons for the Trade:
1. On the monthly chart the recent selloff held at the 200 ma. That is major support.
2. On the weekly chart hogs have rallied over the 20 ma. That is positive.
3. The weekly chart has a gap up at 80.17 that the hogs appear to be headed for.
4. The daily chart formed a reversal bottom today.
5. On the daily chart a buy would push the hogs over both the 20 & 10 dma.
6. Today was an outside day that can trigger a signal and market direction.

Don't know where hogs are going to but I am ready for an up move! Long Aug, Oct, & Dec.
Dewey