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Hogs by Ben DiCostanzo

The October Lean Hogs contract continued to consolidate between the 200 DMA (68.975) and the 67.90 support level. It had another small range, with the high at 68.50 and the low at 67.625. It formed a Doji candle and is forming a ledge. A breakout from this consolidation area could lead to a test of the next support / resistance level. A break out above the 200 DMA could lead to a test of resistance at 69.90. Trading below the low could see a test of support at 66.75.

I came close to getting out today however close doesn't count! Maybe tomorrow!

DH, your model sure helps in predicting exp month as it gets close. My hat is off to you and No way I would bet against you on the front month (I have been schooled)!

Dewey

Messages In This Thread

Hogs by Ben DiCostanzo
Re:Dewey, you and me-----
Well, Dewey and ITZ, I, like Farmer Ed, - -