High probability trade. HOGS tested the 79 support and parallel line on the 8 Mar. Price then moved up with high volumes and retraced for five days. Currently is back in the buy window. Hogs makes typically seasonal bottoms in mid march. Many factors are favoring the bulls. I would enter long above Friday high. In two-three days we should reach the target objective on the median line. If price falls below the 8 Mar low be ready to sell but I don't think it will happen.
Kommentare
QuantitativeExhaustion
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Broader run this summer.. You are right
LEONES
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Cattle seems strong bear. Friday bar is quite strong with a close close to the day low.. i think it will go lower till the end of the month. missed the opportunity to sell it on friday!
QuantitativeExhaustion
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yeah... studying price right now.. looking for a floor
QuantitativeExhaustion
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Alright good research for better price action later. Have to stick with gas trade.
QuantitativeExhaustion
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Broad picture
LEONES
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do you have a link for this ETF, to see the specs.
Broader run this summer.. You are right