June Lean Hogs opened sharply lower, leaving a gap and trading below the prior swing low and downward trending median line. The price action confirms overall technical weakness in the market and portends further downside pressure into the June 2, 2011 and June 6, 2011 projected reversal dates. The action-reaction projection also show a projected target objective in the 83.00 to 82.00 price range. With Lean Hogs currently trading at 89.30, this market could offer new selling opportunities on any intra-day bounce.
