LEONES

Hogs feel better

Short
CME:HEQ2013   Lean Hog Futures (Aug 2013)
Got stopped in my first attempt but I'm re-entering a short here. Hog are at historical price highs and from a seasonal point of view they are typically weak till late October. Hogs have reached resistance at 99.500-100.000. Price action over the last few days suggests that a reversal is in place. I expect a quick fall during the next 2-3days back to the 1/1 Gann where another reaction could take place.

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