{"id":117024,"date":"2017-11-24T08:35:27","date_gmt":"2017-11-24T13:35:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=117024"},"modified":"2018-06-01T15:49:07","modified_gmt":"2018-06-01T15:49:07","slug":"lean-hogs-technical-analysis-higher-us-pork-consumption-and-exports-bullish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/lean-hogs-technical-analysis-higher-us-pork-consumption-and-exports-bullish\/","title":{"rendered":"Lean Hogs: Technical Analysis &#8211; Higher US pork consumption and exports bullish"},"content":{"rendered":"<div id=\"inves-1895414532\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 24, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Higher US pork consumption and exports bullish for LHOG<\/strong><\/p>\n<p>US pork consumption and exports are forecast to rise. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/ trading-conditions\/commodities\/lhog\">LHOG <\/a> continue rallying?<\/p>\n<p>US exports are expected to rise 3.7% in 2018 on back of strong demand in major global importers Mexico, China and Japan according to Rabobank, a leading global agriculture financing bank. US domestic demand for pork is estimated to remain strong in 2018. Strong domestic consumption and export demand for pork are bullish for lean hog prices.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/LHOG_24Nov2017.png\" alt=\"LHOG\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>LHOG: D1<\/b> has been retracing after declining to five-week low in mid-October. It has breached above the 50-day moving average MA(50).<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a buy signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/MACD\">MACD indicator <\/a> is bullish: it is above the signal line and the gap is widening.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is rising but has not reached the overboughr zone.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price closes above the upper boundary of Donchian channel at 67.883. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the last fractal low at 63.191. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (63.191) without reaching the order (67.883), we recommend cancelling the position: the market has undergone internal changes which were not taken into account.<\/p><div id=\"inves-3935373174\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 67.883<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 63.191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Higher US pork consumption and exports bullish for LHOG US pork consumption and exports are forecast to rise. Will LHOG continue rallying? US exports are expected to rise 3.7% in 2018 on back of strong demand in major global importers Mexico, China and Japan according to Rabobank, a leading global agriculture financing bank. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-117024","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=117024"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117024\/revisions"}],"predecessor-version":[{"id":117043,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117024\/revisions\/117043"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=117024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=117024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=117024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}