June Lean Hogs rose today off oversold conditions and a bullish Butterfly Pattern. Next upside target 71.375, and then 72.825 to start forming a projected Bearish Cypher pattern.
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Hogs blew through 71.375 and made target 72.825. Next upside target 74.325 then 75.250. If fail target 71.725 then 71.
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Hogs met target and then some. May reach as high as 77.75 putting it at 88.6% retracement FIB.
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Hogs a little tipsy today. 75.600 becomes resistance. Possible break to the downside Tuesday. Corn up today so if Corn continues to rise Hogs may crash.