October lean hog futures (HEV25) offer a buying opportunity with bulls working to restart an uptrend. The moving average convergence divergence (MACD) indicator is bullish, indicating potential price gains. Record-setting bull runs in cattle markets are bullish for hog futures, with elevated beef prices driving substitution demand for pork.

A move above resistance at $91.975 in October lean hog futures could lead to a buying opportunity, with an upside price objective of $103.00. Technical support is at $86.00. It is essential to carefully consider your financial experience and resources before engaging in futures trading due to its volatility and complexity.

It is crucial to note that the information provided on potential trading opportunities is solely for informational purposes. The Commodity Futures Trading Commission (CFTC) emphasizes the risks involved in futures trading and advises individuals to understand their financial capabilities and obligations before entering into contracts. Jim Wyckoff did not have any positions in the securities mentioned in this article.

Read more at Yahoo Finance: Lean Hog Futures Are Heating Back Up. Can They Rally Here?