Lean Hogs Weekly Forecast

Weekly Forecast (December 5 – 10, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 86,400, which will be followed by reaching resistance level 93,325 and if it keeps on moving up above that level, we may expect the market to reach resistance level 97,450.
Downtrend scenario
An downtrend can start from resistance 93,325, which will be followed by moving down to support level 86,400.

Monthly Forecast, December 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 86,400, which will be followed by reaching resistance level 93,325 and if it keeps on moving up above that level, we may expect the market to reach resistance level 101,650.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 86,400, which will be followed by moving down to support level 81,625.

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