Lean Hog Futures (Apr 2017)

Lean Hogs

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April Lean Hogs saw no advancement off the bullish flag. A Doji was created today suggesting a possible reversal. Also this market has achieved the mini Cypher pattern and getting close to the major Cypher. Will this become a Butterfly? Be cautious on your trade. Upside may be to 70.725 area. Downside to 67.90 area for a 38.2% retracement. This market is nearing a extreme overbought situation.

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