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Hogs Daily *LINK* *PIC*

The hogs are closing over weekly reversals here...getting over the first 4 is key to a change of trend to the upside. Below is the daily chart text.

Currently, this has been an inside trading session in Live Hogs (CME) which did close higher. So far, this has been a bounce for the past 5
sessions. Nonetheless, we now require a higher opening and a new high above 8400 to imply a continued rally. Otherwise, a lower opening
and a breach of this session's low of 8260 and a closing underneath this level would imply a resumption of the decline ahead.

During the last session, we did close above the previous session's Intraday Crash Mode support indicator which was 8230 settling at 8325.
The current Crash Mode support for this session was 8270 which we penetrated intraday but we closed back above that level finishing at
8342 implying the market is still rather vulnerable yet sustaining for now. The Intraday Crash indicator for the next session will be 8120.
Now we have been holding above this indicator in the current trading session, and it resides lower for the next session. If the market
opens above this number and holds above it intraday, then we are consolidating. Prevailing above this session's low will be important to
indicate the market is in fact holding. However, a break of this session's low of 8260 and a closing below that will warn of a continued
decline remains possible. The Secondary Intraday Crash Mode support lies at 8079 which we are trading above at this time. A breach of
this level with a closing below will signal that a sharp decline is possible.

Intraday Projected Crash Mode Points
Today...... 8270
Previous... 8230
Tomorrow... 8120

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 8472 settling at 8325 gesturing
that the market is not in a breakout mode at that precise moment. The current Projected Breakout Resistance for this session was
8569 which we still closed below. The Projected Breakout Resistance indicator for the next session will be 8481. Now this immediate
indicator in the current trading session is above the current close offering projected resistance. Therefore, we either must open
above it and hold or close above it to imply the rally is still in play. Otherwise, failure to exceed 8481 during the next session warns
the upward momentum may be lost and a retest of support becomes possible.

Intraday Projected Breakout Resistance
Today...... 8569
Previous... 8472
Tomorrow 8481