The long term February Hog trend is higher. February Hogs will turn bearish on a close Friday, December 23 at or below 4877. Even though the odds suggest a reversal is not likely, please note that according to the LAWG 647 MODEL February Hogs are temporarily overstretched to the upside.
If you are looking to get long February Hogs the MODEL suggests waiting just a bit for a downside technical correction. If you are a speculator looking a potential short term move in a commodity consider selling February Hogs on a rally.
It is your call…..but you can call me at 1-877-304-1369 if you wish.
The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.