Lean Hogs - Looking To Go Long

The blood letting continued last week in Hogs as the small consolidation zone that was developing broke to the downside.

Keep your powder dry however as this looks like a head fake to get the small traders short.

It is this type of environment that could give us a buy set-up.

Of course if they continue to move sharply lower then all bets are off. As of now I have no position in place, but I will be looking for a place to get long and I will update the blog when that occurs.