lean Hogs

Below chart of October Hogs which are locked Limit down as I type.No long liquidation just yet as Volume running below last 5 days average. Open Interest for today activity not known till tomorrow but if past few down days are an example open interest hasn’t budged it has actually increased,indicating longs have not panicked and liquidated ,yet.Quarterly Hogs report After close,No China purchases in weekly Export data maybe the reason for weakness today. For downside momentum to occur longs need to be liquidated

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