Lean Hog Analisis teknis | Lean Hog Jual beli: 2021-02-26 | IFCM Indonesia
IFC Markets - Perdagangan Mata Uang Forex

Lean Hog Analisis teknis - Lean Hog Jual beli: 2021-02-26

Lean Hog Technical Analysis Summary

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Kuat JualSellNeutralBuyKuat Beli

Atas 90.82

Buy Stop

Bawah 80.84

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Artikel 2465
IndicatorSignal
RSI Sell
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Lean Hog Chart Analysis

Lean Hog Chart Analysis

Lean Hog Analisis Teknis

The LHOG technical analysis of the price chart in daily timeframe shows #C-LHOG,Daily is rising above the 200-day moving average MA(200), which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 90.82. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 80.84. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (80.84) without reaching the order (90.82) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis Komoditas - Lean Hog

Higher grain cost make feeding animals more expensive, raising meat production costs. Will the LHOG continue rising?

Global meat prices in January climbed for the fourth straight month, according to the United Nations' Food and Agriculture Organization. Higher grain costs are a major driver of price increase across exporting countries. Thus, since December 1 corn futures in Chicago have risen 29% and soybeans 19%. The high prices have lifted the costs of feeding cattle and hog herds in US by 30% or more. Profitability of livestock operations in Europe has fallen significantly due to the combination of high feed expenses and depressed demand from covid-19 lockdowns, according to Rabobank. Rising feed costs are bullish for lean hog price.

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