Where is lean hogs price heading to?

 

Anton Kolhanov, Analysis, FXStreet

9/18/2022

 

Weekly forecast

 

Monthly Forecast, September 2022

 

Uptrend scenario

 

An uptrend will start as soon, as the market rises above resistance level 92.650, which will be followed by moving up to resistance level 97.100 and if it keeps on moving up above that level, we may expect the market to reach resistance level 101.650.

 

Downtrend scenario

 

The downtrend may be expected to continue, while market is trading below resistance level 92.650, which will be followed by reaching support level 86.825 and if it keeps on moving down below that level, we may expect the market to reach support level 75.975.

 

Previous month forecast ...

 

more, including numerous charts

https://www.fxstreet.com/analysis/lean-hogs-weekly-forecast-202209182116