Lean Hogs Weekly Forecast

Weekly Forecast (November 14 – 18, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 82.825, which will be followed by reaching resistance level 89.800.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 80.675, which will be followed by moving down to support level 72.975.

Monthly Forecast, November 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 89.075, which will be followed by moving up to resistance level 93.025 and if it keeps on moving up above that level, we may expect the market to reach resistance level 122.650.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 89.075, which will be followed by reaching support level 80.675 and if it keeps on moving down below that level, we may expect the market to reach support level 72.975.

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