Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
LEAN HOGS Dec 2023 (CME:HE.Z23)
Bear Market Rally (-75) - HE.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HE.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HE.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HE.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HE.Z23
The long-term trend has been DOWN since Oct 2nd, 2023 at 70.775
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 69.950
The short-term trend has been UP since Dec 8th, 2023 at 67.850
Smart Scan Analysis for HE.Z23
Based on our trend formula, HE.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).