While RSI isn't quite to a test point yet (at least in April's Hog chart), today's session shows a lack of commitment on the bulls part, so the pullback might be over.
I'm going to look at selling hogs short tomorrow. I was trying to figure in the strong support at 6100, but decided just to go with it on a break below today's low. If we get a half decent decline then I should be able to at least get stops to breakeven.
That's the plan anyway.
Erich
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