MURICO.com Forum

Hogs

Here on the weekly Oct you can see we moved below the 86.60...then yesterday it cleared the 8500 line If this closes the week below this line, you would look for the next line to be tested. The next Major Bearish Reversal is 6200, the next Minor Bearish Reversal is located at 7520...if it gets past this one on a close then you would look for the move to test the Major Reversal at 6200

This is the weekly reversal table since the last data download on 7/30

WEEKLY REVERSAL TABLE
MINOR | MAJOR
BULLISH | BEARISH | BULLISH | BEARISH
12910 | 7520 | 15190 | 8500
12150 | 6600 | 0 | 6200
12604 | 6450 | 0 | 6130
12790 | 6400 | 0 | 5860
13130 | 6200 | 0 | 4901
13200 | 6140 | 0 | 4180