Hog Futures Technical Analysis | Hog Futures Trading: 2020-07-15 | IFCM India
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Hog Futures Technical Analysis - Hog Futures Trading: 2020-07-15

Lean Hog Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 51.69

Buy Stop

Below 48.93

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2452
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Buy
MA(50) Buy
Fractals Buy
Parabolic SAR Buy

Lean Hog Chart Analysis

Lean Hog Chart Analysis

Lean Hog Technical Analysis

On the 4-hour timeframe #C-LHOG: H4 is rising above the 50-period moving average MA(50), which has leveled off. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 51.69. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 48.93. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (48.93) without reaching the order (51.69) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis of Commodities - Lean Hog

China’s pork imports have risen after a collapse in domestic pork production caused by an epidemic of African swine fever. Will the lean hog price continue rising?

China’s imports of pork are on the rise. Its January to June imports of pork were at 2.12 million tons in the first six months of the year, up 140% over the same period a year ago, according to China’s General Administration of Customs. China is the second largest pork importing country in the world after Japan, accounting for $4.5 billion (14.1%) of total imported pork in the world in 2019. Rising Chinese pork imports are bullish for LHOG. However China has started testing containers of frozen food for the presence of the coronavirus, and additional testing will negatively affect its meat imports. Likely drop in Chinese pork imports due to testing requirement is a downside risk for LHOG.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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