Lean Hog Analisis teknis | Lean Hog Jual beli: 2020-04-21 | IFCM Indonesia
IFC Markets - Perdagangan Mata Uang Forex

Lean Hog Analisis teknis - Lean Hog Jual beli: 2020-04-21

Lean Hog Technical Analysis Summary

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Kuat JualSellNeutralBuyKuat Beli

Atas 44

Buy Stop

Bawah 35

Stop Loss

Mary Wild
Senior Analytical Expert
Artikel 2058
IndicatorSignal
RSI Buy
MACD Buy
MA(200) Neutral
Fractals Neutral
Parabolic SAR Sell
Bollinger Bands Neutral

Lean Hog Chart Analysis

Lean Hog Chart Analysis

Lean Hog Analisis Teknis

On the daily timeframe, LHOG: D1 went up from the “Triangle” graphical price pattern and at the same time from the downtrend, since the upper border of the triangle coincided with its resistance line. A range of indicators of technical analysis formed signals for a further increase. We do not exclude bullish movement if LHOG rises above the Parabolic signal: 44. This level can be used as an entry point. You can set a stop loss below the last lower fractal and minimum since 2002: 35. Note that the historical minimum was in November 1998 (28.5). After opening the pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price meets the stop level (35) without activating the order (44), it is recommended to delete the order: some internal changes in the market were not taken into account.

Fundamental Analysis Komoditas - Lean Hog

One of the largest American slaughterhouses, JBS USA, announced on Monday the closing of its pig farm in Worthington, Minnesota, for undefined period. Will LHOG quotes grow?

This plant processed meat of 20 thousand pigs per day or 5% of their total slaughter in the USA. Earlier, due to the increasing incidence of coronavirus cases in personnel, another two US corporations took similar measures. The world's largest pork processing company, Smithfield Foods, closed its Sioux Falls plant in South Dakota. Its share in pork processing in the United States is estimated at 4-5%. Tyson Foods Inc closed the pig farm in Columbus Junction in Iowa. In addition, several smaller American and Canadian plants also closed. In particular, Olymel plant closed in Canada. Another factor that could possibly increase LHOG quotes could be China's announcement of a 29.1% decline in pork production in the 1st quarter of 2020 compared to the same period in 2019. The main reason is the same as in the US: the closure of meat processing plants due to the coronavirus cases in their personnel. It should be noted that amid a decline in production, the domestic pork price in China increased by 16%.

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