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Where Are Hog Prices Going ?


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Lean Hog Futures---Hog futures in the August contract is currently trading lower by 95 points at 80.77 reversing some of the sharp gains that we witnessed over the last 2 trading sessions. At the present time I'm sitting on the sidelines looking at entering into a bullish position as I do think the June 24th bottom of 73.95 will hold as prices are right at a 3 week high.

Hog prices are trading above their 20 day moving average but still below the 100 day as the trend is mixed and if you take a look at the daily chart the 75 level held on multiple occasions as it looks to me that prices want to move higher.

Hog prices in the month of April were trading above 100 as we have dropped about 20% over the last 3 months as I think at this present time the tide is starting to turn as the commodity markets in general are starting to rally as I think it's just a matter of time before the hog market joins the party.

TREND: ---MIXED

CHART STRUCTURE: IMPROVING

VOLATILITY: HIGH

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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