MURICO.com Forum

The hog report-----

on the surface, seems to me a bit negative but in line with expectations. No big surprises, so how does the market trade it or ignore it? A $4 setback would still leave the technical uptrend in tact while Oct is still trading. I would have to guess the technical uptrend has a mission target of 73.15-74.00 before Dec takes over bring on the potential seasonal retest of Aug weekly lows at 61.60 into early Nov. If Oct can manage to kiss the 73-74 area and Dec tags along to hit my 68-69, then Dec may have a chance to not fall below old resistance @ 64.00 which would help set up a potential $25 rally on the weekly/monthly chart into the seasonal May/June timeframe of 2016.

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The hog report-----
Yes, ITZ, the H&P report has turned - - -